Infusionsoft CEO Clate Mask talks about the challenges he faced while raising capital late last year in this episode of The Deal's Behind the Money online video show.
Infusionsoft, which makes marketing software for small businesses, began raising its Series B last fall, just as venture capitalists were waking up to the realities of the recession.
Nevertheless, Infusionsoft, based in Gilbert, Ariz., succeeded not only in raising a $7.9 million round but also in attracting a new investor in Salt Lake City,'s VSpring Capital, which led the round. VSpring managing director Scott Petty has joined Infusionsoft's board. Existing investor Mohr Davidow Ventures also participated in the round, which closed in December.Watch the video below or download it at iTunes.- Mary Kathleen Flynn
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Infusionsoft is actually located in Gilbert, AZ. ;)