In 2015, venture capital firm Canal Partners invested in a $1.5 million seed round for the SaaS partner relationship management platform of Allbound.
This initial seed round sparked several additional financings, bringing Canal’s total investment in Allbound to approximately $22 million. These financings helped Allbound attract leading brands such as GE, Box and Gainsight and significantly grow its business.
This growth led to the latest financing for Allbound. Pillsbury advised Canal Partners in Allbound’s $43 million financing from growth equity and buyout firm Invictus Growth Partners.
The deal was led by Corporate partner Christian Salaman and included associate Kit Ryan and consulting manager Martin Brides, all in San Diego.
For more information, see the company’s press release here.