(Photo courtesy of Zoomi)
The round follows two other investments received by the company over the past 18 months. In February 2015, Jim Walker’s company announced a $4.4 million funding round, which was extended last August with another $1.5 million.
According to William McColgan, Zoomi’s head of operations, the recent round is going towards beefing up the company’s staff and platform capabilities.
“We transitioned in the most recent quarter to Amazon Web Services in response to exponential client demand, and we have been filling out our technical ranks to make best use of those capabilities,” said McColgan.
Most of the company’s 30 employees work out of a 20,000-square-foot office in Malvern, Pa. Zoomi also has a satellite office within the Princeton Entrepreneurship Hub in Princeton, N.J.
“Although we’re not revealing details tied to this round, it demonstrates the confidence in Zoomi to capitalize on the market opportunity,” McColgan said.