ResponseTap, a leading call tracking and analytics startup, has secured €4.9 million of Series B funding from Beringea and Eden Ventures. The Manchester-based company will use this investment to accelerate expansion in the US and continue support for its UK development team.
Founded in 2008, ResponseTap today has over 50 employees and has grown to provide analytics on over 1 million calls per month. The young company operates offices in London, Manchester and New York, providing agencies and brands with granular data about the journey of a web visitor leading up to, during and after a phone call to a business. This insight enables its clients to analyse and improve the efficiency of their marketing activities. ResponseTap’s data can additionally be integrated with other tools including web analytics, bid management, CRM and call centre infrastructures. This then improves return on investment on marketing spend, and allows for a better understanding of the customer journey through multiple customer touch points, including the telephone.
Stuart Veale, Managing Partner at Beringea, commented: “ResponseTap has developed a product that will lead the next generation of call analytics. As more expensive and more complex products are increasingly sold online, we believe that the importance of phone calls will increase, rather than decrease, as a sales channel. ResponseTap is well-positioned to take advantage of this trend and this funding will help them build a stronger platform for growth in the US and the UK.”
Ross Fobian, CEO and co-founder of ResponseTap, said: “All of this gives us the perfect springboard to continue our expansion in the US, to continue our technical development, increase the associated support team and to launch into Europe. We continually use feedback from our clients to improve our technology and support – a wider client base between the US and the UK makes this even more optimised. We’re looking forward to seeing what insights our clients can gain with this new round of investment.”
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