Impact Analytics, a retail SaaS platform has raised $40 million in growth financing. This funding round was led by Sageview Capital with additional support from long-time partner Vistara Growth.
As part of this transaction, Jeff Klemens, Partner at Sageview Capital, and Prashanth Palakurthi, Senior Advisor at Sageview Capital and founder and former CEO of Reflexis Systems, will join the company’s board of directors.
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“This funding round could not have come at a more propitious moment, we could not have imagined better partners than Sageview and Vistara, and adding Palakurthi and Klemens is especially satisfying as they have both been there, done that,” said Impact Analytics founder and CEO Prashant Agrawal. “Impact Analytics technology is unassailably the best, our client loyalty is truly humbling, and our strategic partnerships are strong and growing stronger. With Sageview and Vistara at our side, we’ll ride this tide to bring our solutions to an ever-widening audience.”
The company will use this funding to expand its sales, marketing, and customer service organizations in the U.S. and abroad, ensure its technology platform and AI capabilities continue to lead the industry, deepen its strategic partnerships and strengthen its balance sheet in anticipation of future growth opportunities.
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“Sageview Capital partners with proven companies that leverage disruptive technologies and that have an intimate understanding of their customers’ business challenges and objectives,” said Jeff Klemens at Sageview Capital. “Impact Analytics clearly excels in all these regards as a pioneer in their space and we look forward to a fruitful and exciting partnership.”
“We are thrilled to continue and expand our partnership with Impact Analytics,” said Neil Kenley, Principal at Vistara Growth. “Under the leadership of Prashant Agrawal, the company’s founder and CEO, we have seen true dedication to customer success and technological innovation, driving meaningful growth and opportunity. The market has recognized Impact Analytics as a leader in its category and we see the company developing into an industry juggernaut.”
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About Impact Analytics
Impact Analytics offers the only complete, completely integrated, retail-, grocery-, CPG-, and supply chain-focused suite of native AI-powered planning and merchandising products. A growing roster of top brands rely on its SaaS solutions to grow profitably through data-driven decision-making across full-lifecycle categories including demand forecasting, pricing optimization, assortment, inventory management, and financial planning.
