People-Focused Predictive Analytics platform boodleAI today announced that it has raised $3.5 million in Pre Series-A Funding. Osage Venture Partners led the round, with participation from the Nathan J. Howard Trust, a Chicago-based Family Office, and Riverbend Angels, a Virginia based angel group. This new investment brings boodleAI’s total funding to $8.7 million.
The company recently signed its 90th paid customer since launching the platform in August of 2019, serving both commercial companies and nonprofit organizations across a variety of industries and causes. boodleAI’s customers have uploaded more than 2.5 million records, created over 300 custom predictive models, and completed upwards of 150 prediction projects on the platform since launch.
“As we emerge from our first year of sales and focus on a path forward as a ‘grow-up’ company versus a ‘start-up’ company, partnering with a firm like Osage with deep expertise in the B2B SaaS space will be essential to make sure we maximize our growth potential instead of reinventing the wheel,” said Shawn N. Olds, CEO and cofounder of boodleAI.
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“boodleAI is led by a team of compelling leaders with a track record of success who have built a product that makes powerful predictive analytics accessible to business users, which is not easy to do,” said Sean Dowling, Partner at Osage Venture Partners. “We are excited to partner with the boodleAI team as the company expands its platform and continues to grow rapidly.”
“We’re honored to have Osage as our partner as we continue to delight our customers and democratize data science,” said France Hoang, cofounder and Chief Strategy Officer.
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