Spotio, a Dallas, TX-based software company providing cloud-based sales acceleration and performance management solutions for field sales personnel, raised $4.5m in Series A funding.
Ballast Point Ventures made the investment.
The company intends to use the funds to accelerate development of its technology pipeline, add to its sales team, and intensify its marketing efforts.
Led by Founder and Chief Executive Officer Trey Gibson, Spotio provides a mobile-first feature platform that enables sales teams to manage sales territories, execute face-to-face meetings, and optimize the sales pipeline and performance across the outside sales organization. The platform provides managers with real-time visibility into their team’s activities for improved sales development. Sales reps receive access to the mobile application with targeted prospect data, historical knowledge of each account, and document management functionality.
Thousands of customers already use the company’s solutions.