Reach raises $7M Series A funding
ReachThe Series A funding for, a San Francisco-based digital commerce platform and collaboration platform that facilitates real-time customer transactions, was $7 million. The round, which brings total funding to $13m, was led by Grayhawk Capital and Pritzker Group Venture Captital, with participation from seed investor NFX. The company will use the profits from the investment to increase adoption of its virtual workplace platform, as well as sales, marketing and product development. Reach is led by CEO Yair Rahid. This cloud platform empowers businesses with document collaboration and e-signature as well as video conferencing, ID verification, payments, and video conferencing. Customers can complete forms securely and quickly while chatting live with an agent or customer representative. Customers and agents can conduct business more efficiently than ever thanks to the complete audit trail and recording. The platform allows you to quickly and securely process mortgages, insurance policies or bank loans. This solution integrates with businesses through an API or integrations into business systems such as Salesforce and Microsoft Dynamics. It was designed with safety and privacy in mind. In addition to identity verification based on the proprietary machine learning algorithm, a “self service mode” gives enterprises the flexibility to choose how to engage with customers. Reach has been used by American Express and Mercedes-Benz (Daimler AG), British American Tobacco as well as SCSK Corporation.