Manzama said Thursday that it has raised $1.3 million in Series A funding. Gold Bench Capital led the round with participation from Seven Peaks and Cascade Angels. Based in Bend, Oregon, Manzama is a content intelligence platform.
BEND, Ore. July 15, 2014 – Manzama, the content intelligence platform that powers a majority of the nation’s leading law firms, today announced it has closed a $1.3 million Series A round of capital led by Gold Bench Capital, LLC. Seven Peaks and Cascade Angels joined the round, which is the first the company has raised since 2011.
Manzama will use the capital to accelerate growth and expand into new professional services markets worldwide. The Manzama platform enables professionals to stop searching and start finding relevant and actionable information across industries, sectors and geographies.
“I am impressed by Manzama’s accomplishments building a company through hard work and limited resources. Clearly, the team demonstrated its ability to focus and deliver a scaleable technology to their initial market, traits that Gold Bench believes will serve them well as they expand their efforts in making the platform available to other professionals. We are delighted to have the opportunity to get involved,” said Brad Kent, Managing Member of Gold Bench.
Manzama’s solution mines and analyzes vast amounts of information, then delivers highly relevant and personalized intelligence to clients through a cloud-based platform. In an age where Big Data is growing exponentially, professionals are relying on services like Manzama’s to create a knowledge advantage.
“We knew from the onset that we’d built a platform with the potential to scale both internationally and in other segments. We also knew that customer adoption and laser focus would get us there,” said Peter Ozolin, co-founder and chief executive of Manzama. “Today we’re seeing trends across professional services organizations that indicate now is the time to expand. It’s exciting to position the company for these new growth markets and regions”
“Manzama exemplifies the talent and opportunity building in Central Oregon,” said Dino Vendetti, managing partner at Seven Peaks Ventures. “The Company has generated a solid revenue stream by capturing and owning the legal market, and we are excited to see where they take it next. We believe the Manzama investment sets the tone for regional companies to raise a significant amount of capital from investors and deliver a product and service with global reach.”
“Manzama is a great company and we’re glad to be an investor. The team, performance to date, quality of the investors and level of interest in the company prove that we can build strong tech companies in this region,” said Julie Harrelson, fund manager at Cascade Angels.
Manzama is changing the way professionals find information and makes the task of finding actionable insights easy. Specifically designed for the knowledge workforce, Manzama’s content intelligence platform mines and analyzes vast amounts of information, then delivers highly relevant and personalized intelligence to each stakeholder within the organization. Founded in 2010, Manzama is based in Bend, Ore. For more information visit www.manzama.com.