2005 Growth Company of the Year
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RTP-based ChannelAdvisor Corporation (www.channeladvisor.com), a provider of auction and marketplace management software and services, has experienced significant growth recently. The majority of large enterprises selling on eBay are ChannelAdvisor clients including Sears, Best Buy, IBM, Finish Line and Nokia. In April 2005, ChannelAdvisor raised $18 million in additional funding to accelerate global marketing and sales, speed the development of its technology platform and to seek opportunities for strategic acquisitions. The funding was led by Advanced Technology Ventures, with support from Kodiak Venture Partners, Blue Sky Ventures, eBay, Tri-State Investment Group and Southern Capitol Ventures. In March 2005, ChannelAdvisor acquired two of the top German eBay Certified Developers and providers of auction management services, AuktionMaster and SpeedSell.