Parlano secures $4.5m in series B funding

Parlano, a Chicago-based provider of instant messaging technology, has raised $4.5 million in a series B funding round led by new investor Longworth Venture Partners.

  0 Be the first to comment

Parlano secures $4.5m in series B funding

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Current investor Oak Investment Partners also participated in the round.

As part of the deal, Peter Roberts and Bill Sheehan of Longworth will join Parlano's board of directors.

Parlano says it will use the funds to invest in expanded sales, marketing and product development operations to increase its vertical market penetration in the financial services sector, and to take expand into other industries including government, pharmaceuticals, high-tech and manufacturing.

Nick Fera, CEO, Parlano, says: "This investment will allow us to aggressively expand our distribution, marketing and channel efforts."

The vendor's enterprise instant messaging platform MindAlign is used by UBS, ANZ Bank and ABN Amro, among others.

Sponsored [On-Demand Webinar] Solving the KYC challenge with end-to-end processes

Related Company

Comments: (0)

[On-Demand Webinar] Exploring the ethics of AI in bankingFinextra Promoted[On-Demand Webinar] Exploring the ethics of AI in banking