Atlanta Software Firm MemberSuite Raises Additional $5.5M
Tuesday, December 19th, 2017
MemberSuite, Inc., a leading provider of association management software, has secured $5.5 million in funding from its current investors, the company announced. MemberSuite will use the latest investment to enhance its customer experience and advance product innovation.
Since taking the CEO role 60 days ago, Natalie Cheney has worked with the Board of Directors, employees, customers and partners to create a plan to focus on elevating the customer experience and accelerating research and development projects. The funding will support these efforts.
All major previous investors participated in the round including: Revolution Partners, Fidelis Partners, Angel Investment Management, Accomplice Partners, and Alerion Ventures.
“The MemberSuite leadership, Board and employees are all laser focused on providing associations the insights they need to better engage with members and improve retention,” said Natalie Cheney, MemberSuite CEO. “This investment will help us continue our efforts to get innovative and deliver affordable solutions to customers faster.”
The funding also will support additional hires in Research and Development, customer implementation and success.
MemberSuite significantly increased its revenue from last year, while expanding to serve more than 3 million members. Earlier this year, MemberSuite, also landed on the Inc. 5000 Fastest-Growing Private Companies in America list. It was MemberSuite’s second year on the prestigious list.