QLess Raises $5.5m in Private Equity Funding

QLess, a Pasadena, CA-based provider of data-driven customer experience and productivity solutions, secured $5.5m in private equity funding.

Backers included new investors Palisades Growth Capital and Act One Ventures and other prior investors. In conjunction with the funding, Jeff Anderson, Managing Director of Palisades Growth Capital, joined QLess’ board of directors. Anderson, a venture capital leader with over 20 years’ experience in the field, will leverage his expertise in growth-stage technology-enabled companies to assist QLess in the ongoing strategic expansion of its customer interaction management (CIM) platform.

The company intends to use the funds to continue to bring its solution to more locations around the world.

Founded in 2007 by Alex Bäcker, CEO, QLess provides a queue management and customer experience platform used around the world in more than 1,000 locations to save customers time and improve business productivity.

FinSMEs

06/11/2017

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