TAMIAMI ANGEL FUNDS
  • For Angels
    • Overview
    • Becoming An Angel
    • SEC Regulations
    • FAQs
  • For Entrepreneurs
    • Overview
    • Angel Investing 101
    • Funding Process
    • Considering Valuation
    • Investment Criteria
    • FAQs
  • About Us
    • History
    • Meetings
    • Fund Administration
    • Members
    • Portfolios
    • Resources >
      • Service Partners
    • Press
  • Contact Us
    • Fund Chairman
    • Fund Administrator

press

LevelEleven Raises $2 Million from salesforce.com, dvp,  hyde park, mashburn justice, and david fry

8/19/2014

1 Comment

 
BY AMIT CHOWDHRY  - September 10, 2013 
Forbs.com
Picture
LevelEleven is a Detroit-based startup that helps managers and teams stay focused on tasks and selling.  LevelEleven has raised $2 million in additional venture funding from Detroit Venture Partners (DVP), Hyde Park Venture Partners, Salesforce.com and angel investor David Fry.  LevelEleven will be using the funding to meet the rising demand from customers, further product development, and increase sales and marketing. This is the first round made by Mashburn Justice Capital Partners, a venture capital firm founded by Jamal Mashburn and Winston Justice.  Jamal Mashburn was an NBA basketball player that retired in 2004 from the New Orleans Hornets.  Winston Justice is a player for the NFL that was drafted by the Philadelphia Eagles in 2006.

Compete, the flagship software created by LevelEleven, now has real-time feedback when completing key sales behaviors, leader boards, and a new user interface for their competition builder.  LevelEleven has real-time “breaking news” bursts for LeaderTV, which is a new month-to-month pricing model.  LevelEleven will also launch a new mobile application this fall.

“This latest investment further validates the great traction we are seeing in the market and our vision around using competition and gamification techniques to motivate salespeople,” said LevelEleven founder and CEO Bob Marsh. “Getting the support of both new investors and having the continued support from local Detroit investors enables us to maintain our aggressive growth track, which has seen us triple our customer base in the past 10 months.”

The last time I spoke with Marsh was in June and he told me at that time was that the quality of data entered by sales reps increased by an average of 819% and customers that used Compete to get reps focused on key products saw their sales spike an estimated 421%.

LevelEleven is based in the Detroit M@dison Building and previously raised $1.5 million in April 2013.  LevelEleven has over 85 customers, including Delta, OpenTable, and Comcast.


1 Comment
moneybrighter.com link
6/25/2021 02:31:59 am

Raising capital from outside will help startups get more cash flow as well as experience from capital contributors. This is a pretty viable idea when a startup wants to grow quickly and learn.

Reply



Leave a Reply.

    Archives

    October 2021
    July 2021
    June 2021
    December 2020
    July 2020
    June 2020
    July 2019
    June 2019
    May 2019
    August 2018
    February 2018
    January 2018
    June 2017
    May 2017
    April 2017
    January 2017
    September 2016
    May 2016
    April 2016
    August 2015
    December 2014
    October 2014
    September 2014
    August 2014
    May 2014
    April 2014
    June 2013
    May 2013
    November 2012
    October 2012
    August 2012
    July 2012
    December 2011

    Author

    Timothy Cartwright
    Chairman of the Angel Fund 

    RSS Feed

Powered by Create your own unique website with customizable templates.