Federated Sample raised $2.8 Million in a Series A round to improve their online sampling product, Fulcrum.
Big news broke this afternoon with New Orleans-based Federated Sample announcing $2.8 million in series A funding. The round was led by Sopris Capital, a New York-based VC firm. Voodoo Ventures, a local VC firm and previous investor in Federated Sample also participated in the round.
According to @FedSample, the funds provided by this financing round will be used to accelerate the roll out of next generation features to Federated Sample’s sample management platform, Fulcrum. Talent will be added to the firm across sales, service, and technology groups to add additional horsepower to exceed the robust growth it has generated over the past 18 months.
Read the full press release here and the TechCrunch coverage of the round here.