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Statflo Raises $12 Million in Series A Funding to Augment Humans in Retail

June 11, 2018

Statflo, a sales acceleration platform built for indirect and direct retail stores, today announced it raised $12 million in Series A funding, bringing its total capital raised to $16.5 million. Elsewhere Partners led the round, joined by existing investors Round13 Capital and Globalive Capital, as well as new investors Generation Ventures and automotiveMastermind co-founders Johannes Gnauck and Marco Schnabl. Additionally, Sam Kentor of Elsewhere Partners and Laura Lenz, partner at Generation Ventures, will join Statflo's Board of Directors.

"This investment demonstrates the market demand for Statflo's data-driven technology for wireless retail," said Kevin Gervais, Statflo CEO. "Retail workers are looking for ways to drive more traffic and transactions. Personalized interactions are key to driving sales, and our platform gives those retailers the technology to make things personal."

"This round of financing will enable Statflo to accelerate development of our intellectual property and provide sufficient capital for the foreseeable future," Gervais added.

Statflo is a one to one (1:1) compliant outreach tool that allows wireless and technology retail stores, along with their indirect channels, to proactively drive more store traffic. On average, stores see a double-digit increase in sales in the first 60 days.

With Statflo, store associates can start local and personalized customer conversations whenever traffic is slow. As a result, brands add human-to-human conversations as a key part of the customer journey, building an intimate experience before and after every sale.

The company has deployed into national retailers and Tier 1 telecom carriers. Statflo recently graduated from the Salesforce Accelerate program in April 2018.

"Statflo is changing the way retail stores and brands retain and grow relationships with existing consumers," said Gervais. "Our company continues to grow at a record pace, having launched with 51 new customers in the last year and generating an incredible 10X or higher ROI for our customers. We are pleased to have Elsewhere and Generation Ventures join our mission in redefining the human retail experience."

"Helping sales personnel create personalized customer experiences is what drives our success at automotiveMastermind and what we believe is the future of marketing across all industries," said Marco Schnabl, co-CEO of automotiveMastermind. "Statflo's work in the retail space will surely help pave the way for more targeted interactions across all types of sales transactions."

"Statflo has created a new, engaged interaction layer between a wireless retail store and its customers much the way automotiveMastermind did in the retail automotive space," said Sam Kentor of Elsewhere Partners, who invested in automotiveMastermind while at JMI Equity. "In doing so, it is helping modernize brick and mortar stores in the wireless retail market by enabling a more intimate and human experience while helping them establish an ongoing relationship and a more engaged customer base."

"One of the things that drew us to Statflo is that the company has found a practical and highly valuable way of applying AI to a business problem. By examining buying patterns, we have found a way to predict which customers are most likely to buy and when," says Craig Strong, Partner at Round13.

Via PRNewswire

Statflo Represents Canada at Salesforce's Accelerate Program for Retail

May 7, 2018

Statflo announced today it has graduated from Salesforce's Accelerate program focused on solutions for the retail sector. The company was the only Canadian firm among 17 selected for the program, which connects growth companies with executives and resources within Salesforce in order to launch solutions faster to Salesforce customers.

"We're excited to be coming to the Salesforce ecosystem in a big way this year," said Kevin Gervais, Statflo CEO. "Our partnership enables compliant 1:1 retail outreach on the Salesforce platform, for customers of Sales Cloud and"

See Salesforce Announcement

Statflo Announces Rollout to 50 New Customers In Last 12 Months

May 1, 2018

Statflo, the market leader in 1:1 compliant retail outreach solutions, is proud to announce its successful growth over the last year, launching in 50 new customers across North America. Total data under management includes over 3 billion data points on retail transactions and the interactions that are proven to drive additional sales.

Statflo Raises $2.4 Million To Reinvent Wireless Customer Service

February 11, 2016

Statflo today announced it has successfully closed a $2.4-million seed round to accelerate its growth.

Selected by CIX as one of Canada’s’ most innovative startups, Statflo also unveiled an exciting new strategic partnership with iQmetrix, a leading provider of retail management and customer experience technology.

“We are changing how wireless customer service is delivered,” said Kevin Gervais, Statflo’s co-founder and CEO. “As wireless dealers and operators face the end of long-term contracts and competition from players such as Apple and Amazon, we’re giving them powerful tools to drive revenue growth and build hyper-local relationships that make customers happier.”

Statflo delivers a powerful data-driven platform helps technology retail stores drive more sales, keep sales reps more engaged, and deliver a more modern, authentic customer experience.

The company’s customers span across independently-owned and corporate-owned wireless retail dealers, as well as telecom providers. The platform has been rolled out to hundreds of locations across six major carriers, while revenue climbed 500% last year from 2014.

“Statflo is a innovator and disruptor in the market for mobile dealer software,” said Ray Sharma, Executive Managing Partner with Extreme Venture Partners.

Craig Strong, Partner with Round13 Capital, agrees that “Statflo's technology gives wireless dealers and carriers a more proactive, effective way to reduce churn and increase sales with their existing customers."

Through this new partnership, iQmetrix will help its wireless dealer customers drive higher sales and ROI using their existing data.

"We are excited to partner with Statflo because of the powerful technology and their passion for bettering the wireless industry,” says Kelly Kazakoff, Chief Operating Officer at iQmetrix. “This seamless integration allows our clients to be more competitive through increased sales from past customers, faster reporting and streamlined reconciliation.”

The latest funding was led by Round13 Capital. It also includes a consortium of investors from Toronto, Kitchener, Vancouver and Menlo Park, including participation by Extreme Venture Partners, MaRS IAF, Globalive Capital, Rising Tide Fund, Garage Capital, Hedgewood and TIO Networks.

Via PRWeb

Statflo Selected for Dec 2015 Cohort of C100's “48 Hours in the Valley”

October 30, 2015

Statflo has been selected as one of 16 growth companies to participate in the C100’s “48 Hours in the Valley” program, which involves Canada’s most promising companies.

“This is a huge honour and opportunity,” said Kevin Gervais, Statflo’s co-founder and chief executive. “We’re looking forward to gaining valuable insight from people within Silicon Valley and, as important, talk about how we’re taking a disruptive and innovative approach to customer service in the telecom industry.”

“48 Hours in the Valley” celebrates top Canadian growth companies and brings them to Silicon Valley for 48 hours of mentorship, workshops, investor meetings, strategic partner visits and networking. The goal is a more informed, connected and empowered Canadian venture scene.

“Twice a year, the C100 hand-selects a small group of the most impressive Canadian startups for a program that builds a bridge between their home and, arguably, the most innovative technologically driven ecosystem on earth – Silicon Valley,” said Joanne Fedeyko, the C100’s executive director.

C100 is a nonprofit member-driven association that provides a bridge between Canadian startup founders and innovative corporations, and the highly influential Silicon Valley network.

Through various programs, it offers access to innovative companies, potential partnerships, investors and mentors. The C100’s Charter Members include Canadians working in some of the most important tech companies in Silicon Valley.

Statflo Selected as one of Canada's Most Innovative Companies by CIX

October 14, 2015

Statflo is honored to have won the coveted 2015 CIX Top 20 Award, and will present at the upcoming Canadian Innovation Exchange conference.

“As our business grows and our platform becomes more robust, it is rewarding to be recognized as one of Canada’s most promising companies,” said Kevin Gervais, Statflo’s co-founder and CEO. “We’re looking forward to telling our story to the leading players within the Canadian innovation and financing ecosystems”.

The CIX’s selections were based on a number of key factors including product/service offering, depth of management, market opportunity, and business model.

“This year’s Top 20 is one of our most impressive cohorts to date,” said Robert Montgomery, Co-Chair of CIX. “We have many industries represented and we believe – especially in an election year – that these companies personify the potential Canada has to become a global innovation leader.”

Gervais will make a presentation at the event on Nov. 17 to more than 650 peers and investors about why Statflo’s wireless customer service platform is so innovative and how it is having a major impact on how wireless dealers operate.

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