Recognized as a visionary leader in the small business community, Clate has been educating and inspiring entrepreneurs for more than a decade. His passion for small businesses success stems from his personal experience taking Infusionsoft from a struggling startup to a six-time Inc. 500/5000 winner. As CEO, Clate is leading Infusionsoft on its mission to create and dominate the market of all-in-one sales and marketing for small businesses.
Under Clate's leadership, Infusionsoft has landed three rounds of venture capital including a recent $54 million Series C led by Goldman Sachs. He was named an Ernst & Young Entrepreneur of the Year finalist, a Top 100 Small Business Influencer by Small Business Trends, and Business Leader of the Year by the Arizona Technology Council. Co-author of the New York Times bestseller Conquer the Chaos: How to Grow a Successful Small Business Without Going Crazy, Clate is a national speaker on entrepreneurship and small business success. Clate has a B.A. in Economics from Arizona State University, as well as an M.B.A. and a Juris Doctor from Brigham Young University.
I’m thrilled to share with you another exciting milestone in our company’s history.
Today, we announced the close of $55 million in Series D growth financing. The round was led by Bain Capital Ventures with contributions from prior investors, Signal Peak Ventures and Goldman Sachs. The details are outlined in the press release, but I’d like to touch on a few highlights regarding this funding round.
This financing is exciting not just for Infusionsoft, but also for the many cities, states and countries around the world. This capital is going to help us continue fulfilling our purpose to help small businesses succeed. And when small businesses succeed, local economies blossom and national economies thrive. We are leading the market of sales and marketing software for small businesses and are helping thousands of entrepreneurs around the world achieve their version of success. This financing is going to accelerate our mission and enable us to help countless more small businesses.
We’re investing in our family of products and services to make them even simpler and more powerful than ever. Our users will see us continue building our small business success platform, which encompasses our products, services, educational content and thriving small business community. We’re building continuity across our entire lineup of products and services, and are developing exciting enhancements to our automation and reporting features. These are just few things in the works, among many other incredible developments we’re planning to roll out.
We’re also continuing our focused search for people who want to champion entrepreneurs and fight for small business success. If that’s you, check out our open positions and get ready to transform sales and marketing for small business like no one has ever done before.
Reflecting on What We’ve Accomplished
This fourth round of financing helps further validate Infusionsoft as the category leader in our space. Today’s news comes on the heels of an incredible year for us. When I reflect on what we’ve already accomplished, I find myself incredibly humbled and proud of the work our employees, partners, investors, family and friends have helped us achieve. Below are just a few highlights from 2014 so far:
- Adding more than 8,300 customers, bringing the total to more than 25,000 customers and 87,000 users in 100 countries
- Our users adding more than 290 million contacts since the company’s founding
- Users sending 3.8 billion emails year-to-date
- Adding more than 550 Affiliates, Referral and Certified Partners in the past quarter, bringing the total to 1,500 for the year
- Growing the total count of apps in The Marketplace by Infusionsoft to 150, an increase of more than 78 percent since the end of 2013
- Releasing new mobile-focused products, like Snap by Infusionsoft and Infusionsoft Mobile
- Reaching record attendance with 3,000 small business owners at #ICON14, our company’s annual small business conference
- Hiring more than 225 employees, bringing our total to just over 600 fanatical advocates of small business success
Why Bain Capital Ventures?
Some of you may wonder why Bain Capital Ventures (BCV). BCV recognizes the role small businesses play in the global economy and sees the impact Infusionsoft is having on this market. They believe in our Vision and want to help us make it a reality. Having a VC on board with what we’re out to accomplish, and one with shared values, was a top priority for us. We had many VCs reach out, but we wanted to partner with the right team, not the one willing to simply strike the best deal. BCV also has a long history of partnering with sales and marketing technology companies, and this was important to us because we’re happily welcoming Deepak Sidwani, who is a partner at BCV, to our board of directors.
Today is a big day, not just for the Infusionsoft small business community, but for small businesses around the world. To our users, thank you for choosing us to partner in your continued success. To our partners, thank you for allowing Infusionsoft to help you better serve your small business customers. To Infusionites, our awesome employees, thank you for the passion and focus you bring every day to help small businesses succeed. To our investors, thank you for joining in Infusionsoft’s belief in the power of small business success.
We’re just getting started. Today is a great day of celebration and we’re just warming up to do even more. What are your thoughts on our big news? Share in the comments below.
If you’re looking to become more savvy with your small business’ email marketing and marketing automation strategies, look no further than our free training series, the Ninja Marketing Challenge. If you’d like to learn more about how Infusionsoft can help your small business get organized, grow sales and save time, check out our demo.
The economy took a nosedive in December 2007 as the Great Recession began its crippling effects on the U.S. economy. The rebound took a few years and began to show improvements in the latter half of 2009. Those initial steps toward recovery were on the backs of hardworking, committed small business owners who refused to give up. Over the last few years, we have seen these small businesses survive and beat the odds.
This is the year that we will see small business leaders move past surviving and into thriving. Here is how they are going to do it, and how you can too. (more…)
I’m very pleased to announce that Infusionsoft has hired Brent Stumme as our CFO. After more than two years of searching, I’m thrilled with the match we found. You might be asking yourself, “Why did it take so long to find the right person?” and “Why should I care?” (more…)
A cornerstone of the 2013 Spring Release is Infusionsoft ID, a new way for you to log into and connect all of your Infusionsoft related applications, such as the Campaign Marketplace and Sync for Gmail, with a single email address and password. (more…)
InfusionCon 2013 is less than three weeks away and I can’t wait! The anticipation is building for our largest sales and marketing conference for small businesses yet … it’s like Christmas in March.
Our first InfusionCon was held in a rented training room next to our offices at the time. We had about 35 people who came together to share ideas and learn best practices in building their business. Every year since, the conference has become better and better. Every year I remember its modest beginnings and how much it has grown. Last year, we hit ‘sold-out’ status with 1,400 attendees (at a venue that was probably better suited for 1,250 people). This year, we’re expecting over 2,000 enthusiastic small business owners to attend InfusionCon 2013.
Today is a big day for Infusionsoft and our small business customers. I’m thrilled to announce that we have acquired GroSocial, a social media marketing software company. You can read the press release announcing the deal and you can sign up for the webinar where we’ll demo the two products together. (more…)
I always love this time of year. It’s the time when we take stock of the previous year, look ahead to this one and set goals and key milestones for success. Last year, I shared my predictions for our company and I’m happy to report all of those came true. In similar fashion, I’d like to share with you my top predictions for Infusionsoft in 2013. (more…)
At Infusionsoft, we’re up to something big. We’re building a company that’s built to last. Today is a big day on the road to fulfilling our purpose to help small businesses succeed.
I’m pleased to announce Infusionsoft has secured $54 million in growth capital financing from Goldman Sachs. This is super-exciting news for our customers, partners and employees. We’ll put this investment to good use, fueling our product development, accelerating marketing and sales, and growing our partner and education programs in the U.S. and internationally. This ultimately means we will reach more small businesses around the globe and enable them to succeed with our all-in-one sales and marketing software, services and education. (more…)
I was honored when the ASU Venture Catalyst asked me to be a keynote speaker at their Techiepalooza event. The event brought together several hundred members of the Phoenix entrepreneurial and tech community for education and networking. Right away, I knew what topic I wanted to speak about. (more…)