Raising the required capital

Denver start-up FullContact was incubated in 2011 with $1.5 million in Series A funding. Its business model proved worthy, and the cloud-based contact management service landed $7 million in Series B funding in July 2012.

“For us, raising a round lets us hire a bigger team and accelerate our plans to grow the company,´ said Kipp Chambers, marketing engineer at FullContact.

FullContact now has 18 employees and is hiring.

“We planned on doing all of this eventually through our own growth,” Chambers said. “But the infusion of funds allows us to move forward and get our products to market more quickly.”

FullContact’s experience is…