Durham-based, iContact, the leading provider of on-demand email marketing services for small and mid-sized businesses secured $5 million in debt funding from North Atlantic Capital, a Maine-based venture capital firm. This new investment will be used primarily for sales and marketing to accelerate customer acquisition and to expand the team to support iContact's rapidly growing business.
iContact has been a CED member since 2005 and has continued to increase its support of the organization since. In addition to headline sponsorships for CED's Venture 2009, Venture 2008 and CED's 2008 Entrepreneurial Excellence Awards, CEO Ryan Allis is a member of CED's Board of Directors.