CommercialTribe Gains $3.2 Million for Sales Software

Denver-based CommercialTribe, which develops a cloud-based platform to help sales reps teach each other to improve a company's sales, said today that it has raised $3.2M in a funding round, which came from a syndicate of Colorado's venture community. The funding came from Grotech Ventures, Boulder Ventures, Access Venture Partners, and Martha Tracey of Crawley Ventures. According to the company, it is working on cloud-based, social sales learning software which allows sales teams to broadcast video and other content, to improve the skills of their sales reps--helping them improve their pitch, product knowledge, and competitive differentiation. The company said the funds go towards accelerating platform development and for go-to-market efforts. More information »