Qorus secures $5 million financing round led by WestRiver Group

This funding is going to help us accelerate sales and marketing, and drive the execution of our product roadmap globally.

Yesterday we formally announced the successful completion of a $5 million round of financing led by WestRiver Group - news covered by MarTech Series, FinSMes  and Geekwire.

This investment comes at the perfect time  for us - we have been successfully expanding our presence in North America with a growing number of clients, key executive appointments (including our new EVP of Marketing, Jennifer Tomlinson from Microsoft Corp), and critical partnerships.

Shaping the future of AI-powered sales enablement and proposal management 

Qorus has enjoyed increased market momentum in the high-growth area of AI-powered sales enablement and proposal management.

The Qorus platform has been adopted by Microsoft who uses Qorus to manage and distribute their sales and marketing content to its Microsoft Partner Network of hundreds of thousands of companies around the world. Presently, more than 4,000 users within the Microsoft Partner Network use Qorus each day to accelerate their sales efforts.  

“WestRiver’s investment in Qorus is based on our thesis that the sales enablement market will continue to grow at an accelerating pace as companies seek to optimize business results through the adoption of next generation technologies including the use of machine learning and AI,” said Anthony Bontrager, Managing Director with WestRiver Group.  “We believe Qorus, with its superior technology platform, is perfectly positioned to provide remote sales teams with the advanced tools they need to stay productive in today’s challenging economic environment”.

“Qorus sits at the heart of your revenue generation hub, helping you work anywhere to quickly and easily build compelling and targeted proposals, track their performance and provide cross group collaboration among your sales, marketing and business development teams.” says Qorus Chief Executive Officer Ray Meiring. “Having the financial support and expertise of WestRiver Group will help us accelerate the execution of our vision, with the added benefit of experience, perspective and industry relationships.”

WestRiver Group Managing Directors Anthony Bontrager and Laurel Buckner will join Qorus’ Board of Directors.