Boundless Network announced today it has raised an additional $4 million in financing. The funds will enable the branded merchandise distributor to support its rapid growth and expand its technology platform.
The financing is from existing investment partners Austin Ventures and Silverton Partners. Boundless Network has now raised a total of $17 million in funding to date.
“We are excited about the additional investment from Austin Ventures and Silverton Partners,” said Jason Black, Boundless Network founder and CEO. “This new funding will allow us to continue to expand our technology platform and better enable sales professionals within the promotional products industry to grow their business and help companies save money on branded merchandise.”
Boundless Network was recently ranked No. 3 out of an estimated 20,000 branded merchandise companies on ASI’s 2010 list of fastest-growing distributors. The company was also one of the youngest distributors to be named to ASI’s Distributor Top 40 list, where it outpaced the average annual growth of the other ranked distributors by more than 50 percent.
“We believe that Boundless Network’s technology platform represents a compelling value proposition as innovators in the promotional products industry,” said Thomas Ball, partner at Austin Ventures. “This investment reflects our continued commitment and confidence in the Boundless business model.”
In August, Inc. magazine recognized Boundless Network on its Inc. 5000 list; Boundless Network was the seventh fastest-growing company in the “Business Products & Services” category.