VividCharts Raises $2M to Expand Product Capabilities
LEXINGTON, KY. (PRWEB) MAY 06, 2021
VividCharts, the data visualization company that helps ServiceNow customers keep their data in-platform, announced the completion of a $2 million Series Seed financing led by Airwing Ventures. This round brings VividCharts’ total funding to date to approximately $2.5 million. Proceeds from this round will help the company aggressively expand the number of customers they are helping along with greatly broadening the product development team.
VividCharts has grown into a ServiceNow Elite Technology partner while developing one of the highest rated apps in the ServiceNow Store with minimal funding to date. The new financing will help VividCharts meet growing demand from Fortune 1000 companies, while giving the product development team the capacity to continue building products that change the way the world’s largest companies report on their cloud data. VividCharts has more than doubled its business each of the first three years they have been in existence, and they will double again through the first two quarters of 2021.
“This round will help VividCharts enter the next phase in our growth story and we couldn’t be more excited to be partnering with Airwing Ventures,” said Mitch Stutler, co-founder and CEO of VividCharts. “We have built a great and substantial customer base with an extremely conservative approach. Now, we have the opportunity to take everything we’ve learned and expand the breadth of our products and services to a larger set of enterprise customers.”
“VividCharts is helping their customers streamline workflow and visualize performance across the enterprise, allowing companies to operate more efficiently and effectively. We were impressed with the progress and feedback we heard from current customers and we are thrilled to be partnering with Mitch and his team as they embark on their next phase of growth,” said Dan Beldy, managing partner at Airwing.
VividCharts is a data visualization and workflow automation company that believes reporting should never slow you down. In the digital age with volumes of cloud data, enterprises are spending on average 50,000 hours per year manually reporting on their data. VividCharts develops software that allows customers to automate many of those hours which in turn allows their employees to focus on what they were actually hired to do.
About Airwing Ventures
Airwing Ventures invests in great teams building differentiated services that delight customers. We focus on high growth companies with competitive advantages and we look for compelling investment opportunities across the country. We help determined founders, seeking resources to grow, with capital and connections to build successful companies and impactful legacies.