Channelinsight Raises $1.8M For CRM Software

Denver-based Channelinsight, which develops customer relationship management (CRM) software specifically aimed at channel sales organizations, has raised $1.8M in a new round of funding. Details on the funding came from a regulatory filing from the company this week. The firm did not announced the funding round of details, however, the funding looks to have come from the company's existing investors, Rho Ventures, Sequel Venture Partners and Vedanta Capital. Channelinsight said Thursday that it saw growth of 24 percent in 2012. The firm counts such customers as Intel, Lexmark, Polycom and TE Connectivity, who use the firm's software to manage their channel sales efforts and relationships. More information »