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| NASHVILLE CAPITAL NETWORK ANNOUNCES FUNDING ROUND FOR CHATTANOOGA-BASED AMBITION SOLUTIONS, INC.
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| Investor group includes several notable technology executives
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NASHVILLE, TN (June 13, 2018) — Nashville Capital Network (NCN) announced today that it has made an investment in Ambition Solutions, Inc., a Chattanooga-based provider of cloud-based sales performance management tools that help teams and companies boost sales productivity. The round included NCN Partners Fund, as well as a several strategic investors including Clint Smith, founder and former CEO of Emma, and Shannon Terry, founder of Rivals.com, 24/7 Sports and Pop Culture Media. Ambition also continues to partner with well-known investors, including Y Combinator, SV Angel and Chattanooga’s Lamp Post Group and CRF.
“The founders of Ambition have developed a world-class sales performance platform that is used by global enterprises such as Allegis Group, ADP, ServiceSource, and many others. This management team is exceptionally talented, and we believe pairing them with this strategic group of investors will accelerate the success they are already having,” said Sid Chambless, Managing Partner of NCN.
Travis Truett, Jared Houghton and Brian Trautschold launched Ambition in 2013 with the goal of bringing the excitement and energy of fantasy sports to modern call centers and sales floors.
After building a niche as a powerful sales motivation platform, Ambition set its sights on reimagining and building the modern Sales Performance Management suite. Ambition’s enterprise-grade software delivers automated KPI recognition, aligned goal tracking and one-on-one sales oversight capabilities. By deploying Ambition, sales leaders are able to maximize their team’s performance with actionable intelligence powered by machine learning.
As part of the transaction, Sid Chambless from NCN and Clint Smith will join Ambition’s board of directors. “Ambition has built a leading technology platform for sales optimization. I am thrilled to join their board and share the lessons learned from our Emma experience,” said Clint Smith.
“We were very pleased to connect with this group of investors. In addition to capital, they bring a deep bench of relationships that will help us in recruiting, development activities and future transactions,” said Ambition CEO Travis Truett.
About Ambition Solutions
Ambition is a Chattanooga, Tenn.-based software company focused on helping performance-focused organizations accelerate sales growth. Ambition’s comprehensive solution drives people and processes with goals, scorecards, contests, alerts, and analytics. Ambition has Tennessee offices in Chattanooga and Nashville, as well as Atlanta, Ga. and San Francisco, Ca. For more information, please visit ambition.com.
About Nashville Capital Network
Nashville Capital Network (NCN) is a partnership of more than 100 professional investors, most of whom have been founders and executives of highly successful companies. NCN leverages the experience and expertise of the individuals within its partnership to identify, develop, and support promising high-growth companies. NCN manages several investment funds including NCN Angel Fund I, NCN Angel Fund II, Tennessee Angel Fund, and NCN Partners Fund. For more information on NCN, please visit nashvillecapital.com.
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www.nashvillecapital.com
3810 Bedford Avenue, Suite 110 • Nashville, TN 37215 • 615-454-3950 |
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