Customer Success Startup Secures $1.5M Series Seed Round Fueling Expansion Under New Name, Bolstra

CARMEL, Ind.–(BUSINESS WIRE)–Bolstra, formerly ConsulTeams, a B2B SaaS company focused on customer success management, announced the completion of a $1.5 million series seed round reflecting a 50% oversubscription. In addition to private investors, Bolstra has attracted strong venture capital participation including current round leader Elevate Ventures, returning early investor and board member Bill Godfrey (4G Ventures), Tom Eggleston (Charmides Capital) and Tim Kopp (Hyde Park Ventures).

Along with this funding, the Carmel-based company has filled three key leadership roles with industry veterans and plans to expand the sales staff in the coming months. Joining the Bolstra leadership team are Jon Stevenson – Chief Sales Officer, John Warne – Vice President of Marketing, and Tim Conder – Vice President of Customer Success.

“Bolstra’s momentum is a result of its compelling vision, highly differentiated product and exceptional leadership team. Bolstra is a must-have solution for every customer success team,” said Godfrey.

Founded by Haresh Gangwani (CEO) and David Cochran (COO), Bolstra provides a customer success management platform that enables businesses to proactively engage their customers and assist them in achieving their desired outcomes. This results in greater retention and maximum customer lifetime value.

Haresh Gangwani stated, “The need for proactive customer engagement grows each day. Keeping a finger on the pulse of your customer’s health is no longer enough. Assuring customers achieve their desired outcomes and are on a path to success before they begin to fail is the new model of customer success.”

About Bolstra

Headquartered in Carmel, IN, Bolstra provides a customer success management solution for B2B SaaS companies looking to maximize customer lifetime value and increase retention. Learn more about Bolstra by visiting bolstra.com and connecting on Twitter and LinkedIn.