On Thursday, software program developer TextExpander introduced that they firm had acquired a $41.4 million financing spherical in addition to the addition of SaaS trade chief J.D. Mullin as the corporate’s new CEO. The financing is led by world development fairness investor Summit Companions and can help continued funding in R&D, hiring and buyer acquisition. The corporate develops software program for the macOS, Home windows, Chrome, Android, iOS, and iPadOS working techniques.
TextExpander is designed to assist groups and people speed up repetitive duties, and can also be geared in the direction of serving to firms create customizable, user-defined shortcuts, or “snippets.” The corporate has greater than 100,000 month-to-month energetic customers (MAU) who’ve employed 560 million expansions within the final 12 months alone.
Mullin provides substantial expertise in main and scaling fast-growing SaaS enterprise, and provides each engineering and product staff property to the corporate for its development. Previous to becoming a member of TextExpander, Mullin was an Govt-in-Residence at Summit Companions. Beforehand, he spent two years main the QuickBooks Time enterprise unit at Intuit following its acquisition of TSheets, a number one SaaS-based time monitoring and scheduling program.
J.D. Mullin and Colin Mistele have joined TextExpander Founders Philip Goward and Greg Scown on the TextExpander Board of Administrators. Matt Rissell, founder and former CEO of TSheets, has additionally been named a board director.
Keep tuned for extra particulars as they change into out there.
By way of BusinessWire and Summit Companions