nChannel, a Columbus, OH-based developer of a cloud multi-channel management platform, closed a $2.4m Series A funding.
Backers included TechColumbus, the Ohio TechAngels Fund III, North Coast Angel Fund II, Grouse Ridge Capital, Queen City Angels, the TechColumbus Co-Investment Fund, and individual angel investors.
The company intends to use the funds to launch new products, increase internal resources, expand customer support, and grow adoption through direct sales and the partner network.
Led by Steve Weber, CEO, nChannel provides a suite of cloud-based solutions to manage their multi-channel environment including transaction synchronization, order management, item catalog syndication and master data management. Its web-based subscription model aims to enable companies to manage sales processes for both wholesale and consumer channels.