ZynBit, a Raleigh, North Carolina based provider of a SaaS platform for sales professionals, raised $1m in venture debt funding.
River SaaS Capital, a private venture debt fund lending growth capital to Software as a Service (SaaS) companies, provided the non-dilutive capital.
The company will use the proceeds to fund its sales intelligence roadmap and scale its sales and marketing teams.
Founded in 2015 and led by Phil Dixon, CEO, ZynBit provides sales enablement solutions for Sales Professionals, Sales Leaders, and their companies to collect, track and analyze sales activity data, increase sales productivity and create animproved customer experience.
The solution is one of the most popular applications on the Salesforce AppExchange.