We have recently launched the first data co-op for small to medium sized eCommerce customers (link here).  The Springbot Exchange allows for lookalike audience matching, and using our Audience Expander feature, retailers send drip email campaigns to prospects to grow audience.  What is so critical about this new innovation is that it brings a capability that has been available for enterprise businesses with significant technology and team resources to the SMB segment, and levels the eCommerce playing field.

Beyond our latest innovation, I am also excited about the growth and development of the Springbot team. With 100+ employees, we are fostering, investing and collaborating with the next generation of entrepreneurs who will continue to contribute to the Atlanta technology economy.

After an active 2017 for investment in US venture-backed companies, momentum in capital deployed con nued in the first quarter of 2018 while the pace of companies receiving capital continued to decelerate. A total of 1,683 venture-backed companies raised $28.2 billion in funding during 1Q 2018, marking the fourth consecutive quarter of more than $20 billion deployed to venture-backed companies and the highest amount of capital deployed in a single quarter since at least 2006.