Kindred Partners, LLC

Website Links

Description

At Kindred, we get most excited when we can partner with the founders of an early-stage company to help build the team that will ultimately scale a business and execute a product vision. We love to support founders who want to grow their leadership team as they attract new customers, invest in growth, and launch bold new products. With this idea in mind, we wanted to use this post to briefly profile ShopKeep, a rapidly growing Kindred portfolio company founded in Brooklyn and now headquartered in Manhattan.

The company, whose CEO Amit Bendov had said it is eyeing up an IPO eventually, is not yet profitable, but it is growing fast. It expects to sales to triple this year over last and to reach profitability by 2015. The funding will be used to help drive more business for SiSense in the U.S. Founded in Tel Aviv, SiSense already has an office in New York and makes some 70% of its sales in the U.S. It plans to open an office in Silicon Valley by early next year.

Others backing the startup include existing investors Battery Ventures, Genesis Partners and Opus Capital. SiSense, which was founded in 2004, has only recently been stepping up its game in terms of outside investment. It last raised $10 million a year ago and including the round being announced today has now raised $44 million.

Fact sheet

Company contacts

Companies nearby