Social Networking & Sales Training Platform SalesCrunch Raises $1.4 M From First Round Capital, Accel Partners & Prominent Angel Investors

NEW YORK, Jan. 11, 2011 /PRNewswire/ -- SalesCrunch, the New York based social networking & sales training platform, today announces the closing of $1.4M in a series seed round of financing led by First Round Capital.  

Other investors include Accel Partners, Nextview Ventures and several serial entrepreneurs, including Alfred Lin, most recently Chairman, COO and CFO of Zappos.com and current Sequoia Capital Partner, and Janet Kraus, co-founder & former CEO of Circles.com and Senior Lecturer of Entrepreneurship at Harvard Business School. First Round Partner Chris Fralic joins the company's board of directors along with Kraus.

"Our goal is to become the de facto standard for how salespeople connect with their customers, to each other, and be the resource where they can develop their professional skills," says Sean Black, SalesCrunch Founder & CEO.

"SalesCrunch is addressing a huge, underserved audience," says Chris Fralic, Managing Partner at First Round Capital.  "Salespeople are often neglected and sales training is highly fragmented, expensive, and time-consuming for companies and their sales teams with huge variations in results.  We feel confident that the company is creating a much-needed service that is already generating excitement and has many people lining up for the private-beta launch of their first product release."

"So many of our portfolio companies struggle with the dearth of resources for building and supporting direct sales teams," says Theresia Gouw Ranzetta, General Partner at Accel Partners. "We are excited to be part of solving a big problem that will help companies realize revenue goals faster and more efficiently."

"We are thrilled to have the support of First Round Capital, Accel Partners, Alfred Lin and our other amazing investors to help us fully realize our vision to empower salepeople," says Sean Black, CEO of SalesCrunch. "We are equally excited to create a platform that will create better sales professionals, power companies' growth, and introduce new industry standards and respect for sales."

About SalesCrunch

SalesCrunch is a social networking and sales training platform on a mission to make selling simple. The world's 30 million sales professionals can use SalesCrunch to connect with customers, develop their skills, and increase revenue. For more information, visit www.salescrunch.com

SOURCE SalesCrunch