PureSpectrum, the creators of quality-first market research sample access and insights platforms, announced that it has completed a $37,000,000 round of equity funding from its current capital partner Arthur Ventures. Arthur Ventures, a Minneapolis-based growth equity firm, leads B2B software investments outside of Silicon Valley. The funding provided liquidity to early-stage investors and provided PureSpectrum capital to support strategic initiatives and fuel continued rapid growth.
CEO and Founder, Michael McCrary, states “We are excited to put this capital to work to continue growing and innovating to make life easier for our clients and partners. Despite the turbulent conditions over the past year, our track record of fast-paced profitable growth has continued. The company will use its portion of the capital raised to fuel product innovations, especially around data quality, and drive strategic initiatives to accelerate growth.”
Patrick Meenan, General Partner at Arthur Ventures, and a member of the board of directors, states, “We are proud of the progress and innovations made by the PureSpectrum team, as evidenced by the recent release of PureScore™ 2.0, and are excited about the opportunity to deepen our relationship and support its growth in the years to come.”