Funding

Handshake raises $14M in Series B

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What does Handshake do?

Handshake, is the emerging leader in business to business commerce technology for manufacturers and distributors. The company helps the manufacturers and distributors grow, by powering in person and ordering online. The company is used by sales teams of hundreds of companies in writing more orders more quickly and making more money. Their mobile application for sales representatives and business to business eCommerce solutions helps the manufactures and distributors in growing their business by making it easy for their consumers to order the right products in person and online. The on-demand economy and the craze for best mobile apps for business has raised the stakes for the manufacturers and distributors. The company provides them a competitive edge by providing them an ordering experience which pleases their consumers and leads to higher order volume.

How much Handshake was funded?

Handshake raised $14M in Series B on March 17, 2016 from Primary Venture Partners, MHS Capital, Point Nine Capital, SoftTech VC,  Boldstart Ventures, Sozo Ventures and Emergence Capital Partners.

Previous funding

  • $1.5M on November 20, 2012 from MHS Capital, Boldstart Ventures, Primary Venture Partners and SoftTech VC
  • $8M in Series A on January 24, 2014 from Primary Ventures, SoftTech VC, MHS Capital and Emergence Capital Partners

What is next for Handshake?

The company plans to use the latest funding raised for further accelerating the development of its business to business commerce platform, which handles the complexity of business to business while delivering a simple, modern and intuitive user experience which is equal to the popular eCommerce sites. In addition the company will also expand its omni channel offering into mobile commerce, providing the B2B providers with shelf side ordering from a smart phone or tablet. It has plans also to expand its international business operations for capitalizing on the rapidly growing business to business commerce market.

More about Handshake

Handshake was founded in 2011 by Mike Elmgreen and Glen Coates. It has its headquarters in New York, NY.

 

 

 

 

 

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