Guru Technologies raises $1 million to boost marketing and sales - Technical.ly Philly

Growth

Jun. 6, 2016 7:47 am

Guru Technologies raises $1 million to boost marketing and sales

The funding round was led by New York's FirstMark Capital.
Guru cofounders Mitchell Stewart, left, and Rick Nucci.

Guru cofounders Mitchell Stewart, left, and Rick Nucci.

(Courtesy photo)

Guru Technologies, the Old City-based software company, closed a $1 million funding round last month, led by New York-based FirstMark Capital.

Cofounder Rick Nucci said the funding will go toward expanding the company’s sales team and to increase marketing efforts.

“We have been seeing solid traction since our launch last September,” Nucci said. “We decided to raise an additional $1 million from existing investors to allow us to grow faster.”

It’s not the first time Nucci has gotten support from the NYC firm. FirstMark also led the company’s initial $2.7 million funding round last year, and it also put up the cash for a $4 million round for Nucci’s previous startup, Boomi, in 2008.

Guru bills itself as a platform for “your team’s collective knowledge.” Learn more in this Technical.ly profile from last September.

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