Square 1 Bank Announces Credit Facility to Invoca
14 May 2015 - 1:00AM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
credit facility to new client Invoca, the leading call intelligence
platform. Proceeds of the facility will be used to extend existing
working capital and support continued growth.
Founded in 2008, Invoca has converted $2.5 billion in sales for
its customers by bringing call intelligence to the marketing cloud
to help marketers drive inbound calls and turn them into sales. The
Invoca platform delivers the inbound call intelligence required for
marketers to optimize customer engagement and sales beyond the
click. From attribution to intent, marketers gain a complete
understanding of the customer's journey across digital, mobile and
offline touch points so they can optimize their marketing spend,
drive quality inbound calls and deliver a better customer
experience.
"Invoca's momentum during the last year has been tremendous,"
said Jason Spievak, chief executive officer of Invoca. "With this
capital expansion, we are well positioned to scale our sales and
support teams in response to growing demand for our call
intelligence technology."
Randy Churchill, senior vice president in Square 1 Bank's Los
Angeles office, added, "With impressive investor backing from Accel
Partners, Upfront Ventures, Salesforce Ventures and Rincon Venture
Partners, Invoca has further established itself as an innovative
leader in the call intelligence industry. We are excited to work
with the Invoca team and look forward to supporting their continued
growth as their banking partner for years to come."
About Invoca
Invoca helps the modern marketer drive inbound calls and turn
them into sales. By bringing call intelligence to marketers and
their existing marketing technology systems, Invoca's platform
delivers the visibility required to engage mobile customers beyond
the click. Invoca has powered more than $2.5 billion in sales for
its customers and is backed by Salesforce Ventures, Accel Partners,
Upfront Ventures and Rincon Venture Partners. For more information,
please visit www.invoca.com.
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital
community and entrepreneurs in all stages of growth and expansion.
Square 1's expertise, focus and strong capital base provide
flexible resources and unmatched support to meet our clients'
needs. Square 1 has offices coast-to-coast in Austin, the Bay Area,
Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New
York, San Diego, Seattle and Washington, DC. For more information,
visit www.square1bank.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
Square 1 Financial, Inc. (NASDAQ:SQBK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Square 1 Financial, Inc. (NASDAQ:SQBK)
Historical Stock Chart
From Sep 2023 to Sep 2024