“Corporate relocation” isn’t a sexy word, but it’s helping UrbanBound raise $5 million.
UrbanBound’s web-based platform gives employees an easy way to manage their entire relocation process, connecting them with vendors who specialize in the services they need — i.e., moving truck rentals or realtor services.
The first round of funding, led by Grotech Ventures and joined by StarVest Partners, is a major vote of confidence in UrbanBound’s approach, which the company says brings much-needed innovation to the $30 billion corporate relocation market.
It’s a big deal for companies, too: UrbanBound argues that the smoother companies make their relocation process, the more they can boost their offer-to-acceptance ratios.
That approach, UrbanBound says, has gotten it significant attention from over 100 customers, most of which are members of the Fortune 1000.
Headquartered in Chicago, UrbanBound has raised $6 million in since its launch in 2010. The company says it plans to use the funding to hire more developers and sales people, as well as expand internationally.
We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more
, with ChiefDigitalOfficer. Help us out by filling out the survey
, and we'll share the results with you.