Venturebeat: Indianapolis’ Sigstr raises $5 million to turn email signatures into ads

Venturebeat: Indianapolis’ Sigstr raises $5 million to turn email signatures into ads

Since Salesforce acquired Indianapolis startup ExactTarget in 2013 for $2.5 billion, the city has become a quickly growing hub for marketing tech businesses. Now there’s another Indianapolis business looking to make a name for itself in the sector: Sigstr, founded in 2015 by former ExactTarget employee Dan Hanrahan.

 

Sigstr announced on Tuesday that it had raised a $5 million Series A round, led by Chicago-based Hyde Park Angels. Inbound marketing company HubSpot also participated in the round. The investment is HubSpot’s third since it was founded in 2005. Sigstr had previously raised $1.5 million in seed funding.

 

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