2022-11-25 13:35:00

Referral Marketing Technology Platform Ambassador Closes Funding to Meet Rising Market Demand

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Benzinga
By Pr Newswire

Led by Sage Growth Capital and Independent Investors; Combination of Equity and Debt Financing Propels Ambassador's Plans for Innovation and Market Expansion

SEATTLE, Nov. 25, 2022 /PRNewswire/ -- Ambassador,a referral and relationship marketing technology company, today announced the infusion of funding, both equity and debt financing of $1.4MM from existing independent investors and Sage Growth Capital. The new funding will support the company's plans to be an end-to-end solution for the growing influencer and relationship marketing industry, ultimately positioning Ambassador as the de facto marketplace where brands and influencers can connect and do business.

The adoption of influence-driven marketing strategies and marketing solutions shows no sign of slowing, and according to Forbes, the creator economy in 2022 has a market size of $100BB. Ambassador's latest infusion of new capital and debt equity speaks to the company's larger mission to transform how digital customer acquisition is achieved, so brands can tap into and leverage the communities of their most happy customers to drive awareness and business.

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