Our mission at Exact is to help businesses create the connections to help them grow. We have had the privilege of helping some of the world’s most iconic brands such as Coca Cola, Unilever, P&G and PepsiCo find customers in new and innovative ways. We’ve also partnered with a number of retailers in the ecommerce space such as HSN, Kohl’s and Walmart to help improve customer loyalty. Over the course of our first two years, our team has worked hard in helping the company achieve over 300% year-over-year revenue growth.
We are, however, only at the very beginning of our journey in fulfilling our mission. Since our founding, we always believed that it was important to build a self-sufficient company that would not depend on outside capital to “stay alive”. I’m incredibly proud of our team for building a company that has been able to deliver on that philosophy. But we have always known that outside capital would be important to us at some point in time as it can be an incredible enabler to help fulfill one’s mission faster. As our wise advisor, Jerry Leamon, once said to me, “all great companies need funding at some point in time, it’s just a question of when.” Late last year, we engaged a close advisor, Mark MacLeod (formerly CFO of Freshbooks and Shopify) to help us think through our capitalization strategy. His experience was invaluable in our fundraise process as he asked us the tough questions and forced us to think about how to best build the business.
Today, I’m excited to publicly announce our very first round of financing, led by Rho Ventures with individuals like Tony Hsieh’s (CEO of Zappos) VTF Capital and Joshua Schachter (founder of Deli.cio.us) participating in the round. It is incredibly humbling to raise capital from people who have invested in companies like Square, Etsy, Kickstarter, Chango, Frank & Oak, JustFab, FanDuel, Asana, and others. The capital will enable us to focus on growing our marketplace of brands and retailers, invest in new product innovations, and be opportunistic about strategic acquisitions.
I want to thank our customers, our retail partners and most importantly the hard working crazy people on our team who helped us get to where we are today.
Now, back to work.
PS – We’re hiring in all parts of the business and looking for rockstars who want a major challenge. Check out our careers site here.