FormAssembly Funding Press Coverage: Wednesday, June 5, 2019
Summary:
On Wednesday, June 5, 2019, FormAssembly announced a $10 million Series A funding from Level Equity, an investment firm based in New York. This is an exciting win for FormAssembly as it is the first infusion of outside capital since its founding in 2006 by Cedric Savarese, Founder and CEO. Here are some of the media highlights from June 5 about the announcement:
The Highlights:
Maria Deutscher, SiliconANGLE, on how FormAssembly can use their new capital to expand in order to better serve their customers:
“Privacy laws such as the European Union’s GDPR are driving more demand for tools that can simplify the management of consumer information. The new capital should put FormAssembly in a better position to capitalize on the opportunity. The startup, which currently has about 100 employees, plans to use the funding to expand its headcount ‘aggressively.’”
TechStartups on how FormAssembly will use the Series A funding to continue to progress in their mission:
“FormAssembly, a bootstrapped startup that provides a web-based surveying platform to help businesses create web forms and collect data, has secured $10 million in Series A funding to accelerate its mission to enable businesses to collect and process data securely and responsibly.”
Alex Brown, Inside Indiana Business, quoting Cedric Savarese on how FormAssembly’s services helps customers better protect consumer data:
“We’re in the midst of a massive shift in the way businesses, consumers, and regulators think about the collection, sharing, and use of personal data,” said Savarese. “We have a unique opportunity to combine our state-of-the-art data collection and workflow automation platform with tools and services designed to help our customers be good stewards of the data entrusted to them.”
Luisa Beltran, PE Hub, quoting George McCulloch on why they decided to partner with FormAssembly:
“We’re excited to partner with FormAssembly, a company that has established itself as the leader in the Salesforce ecosystem, and is ideally placed to meet the growing demand for secure, compliant data collection,” said investor George McCulloch. “For most companies, building and running a data collection platform is labor intensive and costly due to the expenses incurred in ensuring compliance with complex and ever-increasing regulatory guidelines. FormAssembly alleviates those concerns by facilitating data compliance with an easy-to-use and cost-effective platform.”
Other June 5 FormAssembly Funding Coverage:
Here is a list of all the media coverage published on June 5th about the FormAssembly funding announcement:
- Justin Chapman, Indianapolis Business Journal: Bloomington software firm nabs $10 million investment
- Luisa Beltran, PE Hub: FormAssembly raises $10 mln
- Tech Startups: Top tech startup news for today, Wednesday, June 5, 2019
- Tech Startups: Enterprise data collection startup FormAssembly bags $10 million Series A funding to enable businesses to securely collect and process data
- FinSMEs: FormAssembly Raises $10M in Series A Funding
- Maria Deutscher, SiliconANGLE: After 13 years of bootstrapping, FormAssembly raises its first $10M round
- Alex Brown, Inside Indiana Business: Bloomington Company Lands $10M in Funding
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