Colabo raises Angel funding of $ 1.5 M from Venture Hive

CoolAvenues Newswire | May 14,2014 06:24 pm IST

Colabo a California based company which provides customisable software that scores and organises sales leads has raised Angel funding of $ 1.5 Million from The Hive, the venture fund focused on big data analytics start-ups and individual investors including Raghu Raghuram, Paul Maritz etc.

The company will be using the funds to support growth.

Colabo started in 2010 by Yoav Dembak, Asaf Wexler and Naama Halperin is fully customisable software that scores and organises sales leads easily. It can gather data from any source that can be browsed online and displays them on an easy-to-use dashboard. This will help in lead discovery and qualification platform, as well as for scaling up the company’s operations. Colaba also analyses the leads online behaviour and alert the user at the right time to connect with potential customer to ensure more sales. The company claims that the users have been able to increase monthly sales by 3x on using their products.



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