FullContact Announces $7 Million Series B Financing Round Led By Foundry Group

FullContact, the cloud based contact management solution, announces $7 Million series B financing round led by Foundry Group. End Quote

Denver, CO (1888PressRelease) July 13, 2012 - FullContact, the cloud based contact management service and TechStars graduate, has secured $7 million in Series B led by Foundry Group. High Country Venture, Nancy Pierce, Walter Winshall, Jove Equity Partners, Bullet Time Ventures, 500 Startups, SK Ventures, Zelkova Ventures also participated in the round. Brad Feld will be joining FullContact's Board of Directors.

FullContact plans to use the funding to grow the product team and broaden its platform.

FullContact's mission is to "solve the world's contact information problem" and currently provides a rich suite of Contact Management APIs that include contact enrichment, deduplication, name normalization and location normalization. Companies like PRNewswire, UserVoice, SnapEngage, Yesware, and Pardot use FullContact to turn partial contacts into full contacts with rich social profiles to help their clients better relate to customers.

According to Bart Lorang, FullContact CEO and Co-Founder, "we are incredibly excited to be working with the great folks at Foundry Group to take FullContact to the next level. Our team is growing quickly, and we are getting ready to launch the FullContact Cloud Address Book web application which will put the power of FullContact into the hands of businesses and individuals."

The FullContact Cloud Address Book web application is now in private beta. Built entirely on FullContact's API platform, the Cloud Address Book enables users to sync contacts from numerous cloud, mobile and desktop platforms. Contacts can be normalized, de-duplicated, merged, and enriched with social profiles. Users can create custom tags and searches to easily create targeted lists. Every version of every contact is automatically updated and contacts can be shared with any platform or other users.

"We believe the world deserves a smarter address book." says Lorang. "Updating and maintaining contact information is an enormous problem that every individual and every business deals with every day. We're fixing that."

Early private beta access to the FullContact Cloud Address Book is available at http://www.fullcontact.com.

FullContact is currently hiring and has a number of open positions available at http://www.fullcontact.com/jobs.

For more information, visit FullContact at http://www.fullcontact.com.

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