Bob Moore's Crossbeam raises $12.5M Series A

Center City startup Crossbeam raised a $12.5 million Series A, the Bob Moore-led company announced Wednesday morning, including from new investors Salesforce Ventures and HubSpot.  Since launching earlier this year, the company has already raised a $3.3 million from top West Coast investors and built a software-as-a-service platform that allows partnership development professionals to gain insights on which partnerships are the best fit for the company based off data like shared customers.  Previous investors who joined in the round include First Round Capital, Uncork Capital and Slack Fund. Companies like SalesForce and HubSpot, investors in this round, are key partners for many of Crossbeam’s clients. Moore — who is best known for selling his business intelligence company RJ Metrics to Magento in 2016 and its spinout, Stitch, to Talend for $60M last year — calls them “super nodes,” or large, publicly traded SaaS companies that are  “emblematic of the kind of opportunities we think is in this space,” he said.   Crossbeam’s attempting to bring the kind of SaaS-driven innovations that have simplified other parts of an organization into the partnerships world. Read More...