Wednesday, 05 April 2017 03:00

Nitro raises US$15m to accelerate growth

By
Nitro founder Sam Chandler Nitro founder Sam Chandler

Australian-founded document productivity solutions company Nitro is pushing further international expansion after completing a US$15 million capital raising led by global investment firm Battery Ventures.

Founded in Melbourne in 2005 and now headquartered in San Francisco, Nitro says its focus on vastly improving document productivity and workflow across large organisations is paying off, and claims it added more than 300 new enterprise customers in 2016 alone.

Sam Chandler, Nitro’s founder and chief executive, says in the APAC region, Nitro’s footprint is growing rapidly, with a 55% year-on-year increase in sales in 2016 and the addition of 35 new enterprise customers, including JLL, Bluescope Steel, and the Australian Bureau of Statistics.

Chandler says the funding round will support Nitro’s aggressive growth plans and further fuel R&D efforts “to continue on our mission to make documents smarter”.

Also participating in the Series C funding round were two Sydney-based Australian-based institutional investors – Regal Funds Management and Alium Capital.

“We’re proud of achieving another significant milestone in Nitro’s journey. Thanks to the continued support of Battery and our new investors, we’re in a strong position to fulfill our growth ambitions in the enterprise while continuing to scale our operations globally,” Chandler says.

“CIOs choose to work with us to accelerate digital transformation because we’re a true partner – not only do we offer solutions that solve the most common document productivity challenges while delivering measurable and meaningful ROI, we also provide a customer success and service experience that is second to none and a real value differentiator for our customers.”


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments