Square 1 Bank Announces Credit Facility to CallRailOctober 16, 2018
Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $15 million credit facility to new client CallRail, a leading provider of call tracking and analytics software. Proceeds from the facility will be used to support the company’s continued growth and expansion.
Based in Atlanta, CallRail tracks and records content from phone conversations producing real-time analytics and actionable insights closing the attribution loop for marketers and marketing agency professionals. The company’s call tracking software generates searchable transcripts enabling users to easily review and analyze conversations based on keywords and ultimately optimize advertising campaigns and increase sales effectiveness. The company is backed by several leading investors including Sageview Capital and Leaders Fund.
“Securing credit with Square 1 positions CallRail to be even more agile with future growth opportunities,” said Mike Eis, chief financial officer of CallRail. “We’ve hit some big milestones this year and remain committed to acceleration; having ready-to-deploy financing is a critical part of that.”
“CallRail’s unique and powerful technology is improving the way businesses track, measure and deliver offline and online marketing campaigns,” added Ned Hill, managing director of Square 1’s technology banking practice. “With scores of satisfied customers, industry-leading technology, and a recent $75 million growth capital raise, CallRail is well-positioned for significant growth. We look forward to working with its talented team as they continue to build an outstanding company.”
About Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $24 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle, and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com.
CallRail provides call tracking and analytics to more than 100,000 companies and marketing agencies globally. Its intuitive software helps data-driven marketers optimize the performance of their advertising campaigns, increase sales effectiveness and improve customer retention. From call tracking, routing, recording and analytics, CallRail provides valuable data about your leads and customers to help grow your business. To learn more, please visit www.callrail.com.
Square 1 Bank, a division of Pacific Western Bank