Iowa-based tech company iConnect successfully completes capital fundraising efforts for major growth investments in Iowa
CEDAR RAPIDS, Iowa, October 7, 2016 – iConnect Corp, Inc. (“iConnect”), developer of “Connectivity” advanced software solutions for global business communications, announced today the completion of its 2016 capital fundraising effort led by Next Level Ventures, a Des Moines-based venture capital firm investing in high-potential Iowa companies. The invested capital will be directed toward major growth initiatives in Iowa focused on expanding iConnect’s leadership and technical teams, augmenting existing sales and marketing efforts and driving new business development across the globe.
Joining Next Level Ventures in this fundraising round is The Gazette Company, based in Cedar Rapids, Iowa. Founded in 1883, their business lines include The Gazette newspaper, which has been in circulation since the company’s founding. These incoming investors join Iowa Seed Fund II, which has close ties to the Economic Development Corp. The Iowa Seed Fund II invested in iConnect in 2013 and 2014.
iConnect has been growing rapidly since it was founded in 2012 by Tom Kielty, the company’s President & CEO. Today, iConnect has grown into a provider of SaaS-based communications solutions for enterprises, educational institutions and language service providers around the world. Customers rely on iConnect’s platform to transform global business and cross-cultural communications. Its customers include PerkinElmer, language service providers such as Partners Interpreting, Para-Plus Translations, Geneva Worldwide, and Unity Point Hospital System.
“We have received an unprecedented level of demand from customers wanting to implement or extend the use of iConnect’s services,” said Kielty. “The time to expand our sales, marketing and implementation capacity is right now. We’re very excited to be partnering with Next Level Ventures and The Gazette Company to make that happen.”
Connectivity is a force multiplier that meets the challenges of today’s Web-based video conferencing and collaborations solutions head-on. It delivers high-quality, secure video-based communications and collaboration capabilities, which leverage ubiquitous digital content in any multimedia form across the Web. Supported by live interpreting for one or more spoken languages, Connectivity functions through a single unifying platform across local or global organizations. The advanced technology significantly enhances the user experience, reduces operational costs and minimizes technology overheads.
About iConnect Corp
iConnect Corp, Inc. (“iConnect”) is a unified communications and collaboration software company whose platform and technologies are used to enable concurrent communication experiences across an array of video-enabled devices, operating systems, communications protocols and front-end portals. iConnect’s automated call distribution solution for on-demand video interpreting is used by Fortune 500 companies, educational institutions and healthcare providers.
About Next Level Ventures
Next Level Ventures is a venture capital firm based in Des Moines that invests $1 to $4 million in fast-growing companies that are based in Iowa.
About The Gazette Company
The Gazette Company is a holding company based in Cedar Rapids. Their brands include The Gazette Newspaper, Color Web Printers, Fusionfarm and Vernon Research Group. Made up of many strong brands, The Gazette Company is based on a solid reputation of excellent products and services.
For further information, contact:
Tom Kielty, CEO, iConnect Corp.
Email or (973) 641-8322
Craig Ibsen, Managing Principal, Next Level Ventures
Email or (515) 369-2600