U.S. Markets open in 2 hrs 31 mins

CommercialTribe Secures $6 Million

DENVER, CO--(Marketwired - December 03, 2015) - CommercialTribe, the market leader in sales enablement solutions, announced today a $6 million funding from Boulder Ventures, Grotech Ventures, and Access Venture Partners. CommercialTribe helps enterprise organizations consistently hit their revenue targets.

"According to SiriusDecisions, the number one reason reps fail to hit quota is their inability to articulate value," said Paul Ironside, founder and CEO of CommercialTribe. "Our platform allows reps to watch gold standard delivery of different pitch scenarios. Reps practice and record each scenario as many times as they need to get it right, then submit for coaching, certification, and feedback. Our approach accelerates new rep productivity, shortens sales cycles, and increases both win rates and deal size."

"CommercialTribe is disrupting traditional training models by enabling a culture of practice in large, distributed sales organizations," says Kyle Lefkoff, General Partner at Boulder Ventures. "Paul and his team bring their Gartner and CEB Challenger sales experience to the table, so they have a first-hand understanding of what it takes for sales organizations to drive revenue."

The infusion of new capital lets CommercialTribe continue to expand their platform for sales leaders and enablement professionals to onboard reps, launch new products, and continuously improve rep performance. CommercialTribe serves leading enterprises like SunGard, Veritas, Riverbed, Grainger, and Pearson.

About Boulder Ventures
Founded in 1995, Boulder Ventures invests in experienced serial entrepreneurs and their teams building technology and life science companies in Colorado and the Mid-Atlantic region. The firm's portfolio companies in software, networking, data storage, drug discovery and tools, and technology-enabled services, are industry leaders through superior management, market vision, and differentiated products. Boulder Ventures has embraced this focused approach to successful venture capital investing for more than fifteen years, raising six venture capital partnerships totaling more than $350 million in committed capital. For more information, visit www.boulderventures.com.

About Grotech
Founded in 1984 and investing out of its eighth fund, Grotech Ventures (http://www.grotech.com) is a leading early investor in high-potential technology companies. Grotech seeks innovative IT companies with particular emphasis on digital and social media; software and SaaS; security and storage technologies; healthcare information technology; and communications technology and services. Grotech continues to invest and add value throughout the growth of its portfolio companies. The firm has a strong combination of industry relationships and deep domain and operational expertise to accelerate growth. Grotech supports early-stage companies through investments starting at $500,000.

About Access Venture Partners
Access Venture Partners invests in early stage technology companies in the Rocky Mountains. Access has invested in over 50 companies in Colorado since 1999. We partner with great entrepreneurs who have the vision and operating skills to build teams that can create businesses that disrupt existing markets and maybe even change the world.

About CommercialTribe
Founded in 2013, CommercialTribe is the market leader in sales enablement solutions. Disrupting the century-old training model, the platform's innovative video-based collaborative environment allows sales organizations to increase the speed and effectiveness of their messaging, learning, delivery, and coaching, improving overall productivity. Based in Denver, Colorado, the CommercialTribe team brings decades of practical sales experience to their approach. Visit www.commercialtribe.com for more information.

Embedded Video Available: https://www.youtube.com/watch?v=Nw_EnxFlYbE