FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Square 1 Bank Provides $3MM Credit Facility to Contactually

June 08, 2016, 07:36 AM
Filed Under: Technology

Square 1 Bank, a division of Pacific Western Bank, announced that it has provided a $3 million credit facility to new client Contactually, a user-focused relationship management platform. Proceeds from the facility will be used to support overall company growth.

Based in Washington, DC, Contactually is a SaaS platform that helps thousands of businesses build and nurture personal and authentic relationships that will drive revenue growth. The cloud-based tool streamlines the CRM process by connecting a user’s email, phone, social media accounts, calendars and other business tools in one central location from which communications can be sent, received, automated and tracked. Contactually also performs routine tasks such as scheduling follow-up reminders and sending standard communications.

“We’re thankful for the company’s success to date, and believe we’re just at the start of achieving a massive vision. I’m happy to have Kay Parry and Elizabeth Orsinger from Square 1 on as partners,” says Zvi Band, chief executive officer of Contactually.

Kay Parry, senior vice president in Square 1’s Mid-Atlantic technology practice, added, “The success of Contactually’s simple, user-friendly product offering is evident by the company’s ability to drive demand and track recurring revenue growth. They’ve made impressive strides over the last 12 months alone–from raising capital to bolstering the overall team. We’re excited to assist in the company’s expansion and represent such a great DC-based tech company.”

Contactually is a venture-backed SaaS company based in Washington, DC. Founded in 2011, it currently employees 70 people, and has raised funding from numerous investors, including Grotech Venture Partners, Rally Ventures, Bull City Ventures, Middleland Capital and 500 Startups.

Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.