RingRevenue closed its $3.5 million Series A venture financing led by GRP Partners together with Rincon Venture Partners and Great Pacific Capital.
“Pay-per-call marketing represents an enormous opportunity because 90% of the $300 billion a year U.S. advertising market is still offline,” said Mark Suster, partner at GRP Partners. “RingRevenue’s platform brings the visibility of online ad tracking to that much larger offline market.”
“We’re excited to work with GRP, Rincon and Great Pacific,” said Jason Spievak, RingRevenue co-founder and CEO. “Securing top-tier funding in this market is really a testament to the progress we’ve made with our product and our customers. It certainly is not an environment that has been easy for entrepreneurs.”
“We invested in the RingRevenue team because they have the experience managing millions of numbers and billions of calls,” said John Greathouse of Rincon Venture Partners. “They are second-time entrepreneurs who grew an internet telephony company from startup to profitability and an IPO exit. In this market that’s golden.”