Prismatic, the integration platform for B2B software companies, has announced that it has raised $8.9 million in a Series A funding round led by Five Elms Capital. The funding round was closed on January 20, 2023.
Prismatic provides B2B software companies with an embedded integration platform that enables them to quickly build integrations to other apps their customers use. The platform also allows companies to add a native integration marketplace to their product. Prismatic’s solution includes an intuitive integration designer, embedded integration marketplace, integration deployment and support, and a purpose-built cloud infrastructure.
The company, which was founded in 2019 and is headquartered in Sioux Falls, South Dakota, has been gaining traction in the B2B software industry. The platform has been built in a way that developers love and provides the tools to make it perfectly fit the way software is built.
The Series A funding round will enable Prismatic to further develop its platform and expand its reach in the B2B software industry. The funding will be used to hire new staff, expand the company’s marketing efforts, and invest in research and development.
Five Elms Capital is a leading venture capital firm that invests in early-stage and growth-stage companies in the software, technology, and healthcare industries. The firm has a proven track record of supporting successful companies, and its investment in Prismatic is a testament to the potential of the company’s platform.
In a statement, the managing partner of Five Elms Capital said, “We are excited to partner with Prismatic in this funding round. The company’s innovative approach to integration and its strong position in the B2B software industry make it an attractive investment opportunity. We look forward to working with the Prismatic team as they continue to develop their platform and expand their reach.”
Overall, the funding round is a significant milestone for Prismatic and is expected to help the company further establish itself as a leader in the B2B software industry.