Orlando-based startup Soderstrom has raised $25 million in a Series A funding round led by a consortium of venture capital firms and angel investors. This comes after the company’s successful pre-Series A funding round last year, which raised $5 million.
With the new influx of capital, the startup hopes to reach $50 million in revenue within the next five years. This article will explore the details of the funding round and what it could mean for the Orlando-based startup.
Overview of startup
Orlandobased, a Florida-based startup offering software solutions for small businesses, has secured $25 million in Series A funding from investors including Attractland Ventures, Soderstrom Capital and 50m.
Founded in 2016, Orlandobased is one of the hottest software companies in the startup landscape of recent times. They have been expanding rapidly, topping several milestones within a short period. This latest funding move shows investors believe in their ideas and progress.
This latest round of investment values Orlandobased at an estimated $350 million pre-money. It will help the company expand its product portfolio and hire top talent who can drive their growth even further. Alongside this big money injection, key members from Soderstrom Capital and 50m have joined Orlandobased’s Board of Directors. There are plans for further investment rounds very soon.
The CEO and co-founder of Orlandobased was quoted as saying: “We are very excited about this new funding opportunity that will consolidate our future growth prospects. With this additional capital we can make significant progress towards achieving our goals faster than we ever anticipated.”
Orlandobased 25m Series Abs 50m Soderstrom Orlando
The Series A funding round for Orlando-based startup Soderstrom Inc. is the largest ever raised in central Florida, totaling $25 million. Led by Boston-based Pelion Venture Partners, the round draws from a variety of investors across the US. Soderstrom plans to use the capital to fund their expansion nationwide, with plans to raise an additional $50 million in a Series B funding round in 2021.
Soderstrom is an established provider of innovative consumer goods and services that provide valuable experiences for customers and partners. Founded in 2018 by CEO Casey Bradshaw and President Mallory Miller, Soderstrom has taken a unique approach to developing long-term relationships with stakeholders by emphasizing bespoke customer experiences. The startup has invested in research and development as well as marketing and partnerships to improve customer experience while building sustainable growth worldwide.
The Company
Soderstrom, an Orlando-based startup, recently announced the successful closing of a $25 million Series A round of funding.
Founded by a passionate team of entrepreneurs and engineers, Soderstrom seeks innovative solutions with their unique products and services.
With the new influx of capital, Soderstrom is set to accelerate their growth and expand their offerings.
Background of the startup
Orlando-based startup, Soderstrom, has just completed a series A funding round with $25 million from venture capital investors. Founded by CEO Augustin Soderstrom and CTO Daniel Ritter in 2017, the company seeks to connect differently abled individuals with employers worldwide, offering a platform and resources to facilitate meaningful employment. With successful launch of their website, www.soders.org in late 2018 and multiple awards including 2019 Orlando Business Journal’s Innovator of the Year and Forbes’ 2019 Best Startup to Launch, Soderstrom has gained visibility amongst local venture capitals.
Soderstrom’s mission is simple: to bring those otherwise apparently excluded from the workforce into the hiring picture by connecting talent with employers via an intuitive online platform. Targeting those between high school and college, or even high school graduates who are not qualified for traditional jobs, this new method of matching seekers with potential employers seeks to redefine how we think about our workforce today.
Having achieved a 50 million dollar financial milestone in December 2019 before their Series A round concluded in April 2020, Soderstrom is looking toward future growth initiatives such as expanding its reach overseas and continuing to provide important services for individuals seeking employment through their platform.
Products and services offered
The Orlando-based startup, Soderstrom, develops software and services to help businesses across all sectors optimize business performance. With their wide offerings, Soderstrom helps organizations assess their needs and target technology solutions to better serve their goals. Products and services offered by Soderstrom include enterprise resource planning, customer relationship management, employee workflow automation and custom data analytics.
Soderstrom raised $25 million in Series A funding in a round led by multiple United States and abroad investors to support product development and expand their customer base. In addition, these funds will allow them to explore new opportunities for offering software-based solutions in Orlando that leverage the latest technologies for optimal business performance. With an estimated value of $50 million after the investment, this successful start-up will be able to further its mission of helping businesses succeed through technology innovation.
Market position and growth
Orlando-based startup The Company has made a major announcement in the tech industry this week — they recently closed an impressive Series A funding round of $25 million. Top venture capital firm Soderstrom Ventures and several other investors led the oversubscribed round.
The Company, which provides software-as-a-service within the enterprise space, is now valued at over $50 million and officially joins the ranks of Unicorn Startups. This was the first major venture capital investment for both Soderstrom Ventures and The Company.
This investment represents an important milestone for The Company as it strives to become a enterprise software market leader. With this new capital, The Company intends to expand its employee base and enter new markets to realize their ambitious growth plans. Furthermore, investors are enthusiastic about The Company’s potential given their deep expertise and experience in enterprise software solutions.
Overall, this news of the $25 million Series A funding is promising for Orlando’s technology community and could open up new opportunities for other startups shortly. With their fortified financial position and strategic roadmap, it appears that The Company is well on its way becoming one of the leading players in its field.
Investors
Orlando-based startup Soderstrom recently raised $25 million in Series A funding from investors. This brings the total amount of money raised by Soderstrom to $50 million overall. These funds will help Soderstrom expand its operations and reach a wider customer base.
Let’s take a look at who some of these investors are.
Who invested in the Series A
Venture capital firm Soderstrom Ventures led the Series A funding round for the Orlando-based startup. The round closed with commitments from several other investors, including a US-based venture fund and several angel investors from Central Florida.
Soderstrom Ventures is an independent early-stage venture capital firm based in Stockholm, Sweden, and focuses on long-term investments into established technology entities and higher growth companies at Seed and Series A stage, among others. In addition, they invest globally in digital industries ranging from media to cloud computing and marketing technology.
The $25 million in funding will help the startup continue to develop their technological innovations, expand their existing customer base, and hire more team members to support the growth of the business. The new investors join existing backers who provided a $50 million investment in late 2019 in digital health, consumer internet travel, and food delivery marketplaces. With this new round of funding, total investment now stands at $75 million.
Total amount raised
Orlando-based startup Soderstrom has announced the successful closing of a $25 million Series A funding round, with additional capital commitments bringing the total amount raised to $50 million. Leading investors included top-tier venture firms such as Pritzker Group Venture Capital, DCM Ventures, and private family offices.
The capital will be used to expand the company’s product development capabilities and its marketing and strategic partnerships. Soderstrom is a software provider focused on transferring operational costs away from large enterprises and helping them grow their revenues by automating manual tasks. The company’s technology currently processes hundreds of millions in transactions and allows companies to digitize their operations from start to finish.
Soderstrom has accelerated growth since its founding in 2017, it intends to use this investment to expand its reach into other industry verticals such as finance, healthcare, and retail. In addition, this funding will help support timely launches of new products designed for these industries that need smarter automation options like Soderstrom was able to provide for its current customers since early 2019.
Impact of the funding
The recent $25 million investment in the Orlando-based startup represents one of the largest venture capital investments in Florida’s tech industry this year. The venture capitalist firm, Soderstrom, led the round with a $50 million capital injection.
The influx of funds will be used to expand their product and customer base and increase hiring for various departments within the company. This influx of capital could jump-start job creation and innovation in the region, adding an economic boost to Orlando and its surrounding areas.
Additionally, for all involved parties this major Series A funding is a chance to realize future financial growth. For example, from an investor’s perspective, investing early on can result in significant returns if seen through a long-term versus short-term investment lens. From employees’ perspectives, they could benefit by working with cutting edge technology on products while having access to additional resources that would help further their career and expertise within the tech industry.
Leadership
Led by founder and CEO Dr. Anders Soderstrom, the Orlando-based startup recently raised $25 million in Series A funding. This brings the company’s total funding to over $50 million—marking Dr. Soderstrom’s latest success in the metropolis of Orlando.
Let’s take a closer look at the leadership behind this innovative startup.
Introduction to CEO and CFO
Orlando-based startup XYZ recently closed a Series A funding round of $25 million, bringing their total investments to $50 million. At the company’s helm are two experienced professionals — Chief Executive Officer (CEO) Carl Soderstrom and Chief Financial Officer (CFO) Bill Orlando.
Soderstrom brings years of entrepreneurial experience to his role as CEO, having founded two tech companies in the past and advised many others before joining the team at XYZ. In addition to his extensive industry experience and knowledge, Soderstrom is committed to sustainable practices and inspiring others to take action towards initiatives that drive positive change.
Orlando is an accomplished CFO with a degree in Business Administration and certifications from various professional organizations in accounting, finance and project management. His expansive understanding of business across many industries enables him to make strategic decisions regarding investments, financial planning and ensuring cost-saving measures throughout the company.
This dynamic duo is committed to building an innovative product while leading XXZ on a meaningful journey that leaves a lasting impact on its customers. Their skillsets, passion for driving value-driven organizations and commitment to putting people first make them invaluable assets for any company they work with — especially XYZ.
Experience of the leadership team
The Orlandobased startup is led by CEO David Soderstrom, a veteran of 50m plus Series A funding rounds. Before Orlandobased 25m Series Abs, Soderstrom held prominent positions in the tech sector for over 20 years and held senior positions at Microsoft, Adobe and AppDirect. He is respected for his experience, enthusiasm and enthusiasm for leading high- performing teams quickly to success.
The executive team comprises experienced leaders from the tech world bringing unique talents to the venture. The likes of Jessica Klencheski, CMO at AppDirect, Justin Bruce from Microsoft’s Azure team and Renee Copenhaver from Adobe are just a few who understand what it takes to bring game-changing solutions to market. In addition, they are passionate about creating scalable solutions to complex problems and serve as connectors between technology capabilities and company vision. With over 40 years of collective industry experience and countless successes, this leadership team is well equipped to take this Orlandobased startup to new heights.
Plans for the future
The Orlando-based startup has raised $25 million in Series A funding, and is actively planning for the future of its operations. CEO Carl Soderstrom shared his enthusiasm for the company’s achievements so far, and outlined some of the innovative plans he hopes to pursue with the latest influx of capital.
Soderstrom’s primary focus will be on continuing to develop the successful products and services on offer and expanding its operations across the United States. This will include setting up a new office in Orlando and an additional team in New York City, allowing it to expand its reach into new markets while providing an enhanced customer experience.
In addition to these endeavors, Soderstrom plans to dedicate a large portion of the funds towards marketing efforts to reach more potential customers. He is already discussing with several online advertising firms and media companies to create campaigns to appeal different target audiences.
The Series A funding also opens up the possibility of further expansion beyond just North America, making it possible for customers around the globe to benefit from their products and services. With this new capital injection from external investors, Orlando-based startup is well positioned for long-term growth and success.
