Observed Signal · Apr 15, 2022 · Funding · Source: CMSWire · Impact: 2/5 · Sentiment: Positive
OSF Digital Raises $100M for Digital Commerce Expansion
OSF Digital, a digital transformation services provider specializing in commerce and Salesforce implementations, announced a $100 million Series C investment led by Sunstone Partners. Delta-v Capital and Salesforce Ventures also participated in the round. The company reported record-setting revenues in 2021 and grew its workforce from just over 1,000 to more than 1,800 employees. OSF Digital has completed 10 acquisitions in the last three years. The new funding will be used to expand service capabilities, sales and marketing, industry-focused solutions, and mergers and acquisitions. The company plans to develop new products supporting omnichannel retail operations, industry-specific direct-to-consumer solutions, and additional consultancy services around Salesforce products. CEO Gerard Szatvanyi said the investment will strengthen OSF Digital's position in the global digital commerce sector.
A significant $100M Series C funding round for a digital commerce consultancy signals continued investor confidence in Salesforce ecosystem services and digital transformation, but it is not an industry-shifting event.
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Key Takeaways & Evidence Grounding
- OSF Digital raised a $100 million Series C investment.
- The investment was led by Sunstone Partners, with participation from Delta-v Capital and Salesforce Ventures.
- OSF Digital grew its staff from over 1,000 to over 1,800 employees.
- OSF Digital has made 10 acquisitions in the last three years.
- The company reported record-setting revenues in 2021.
Connected Companies & Entities
4 Entities mapped“OSF Digital, a digital transformation services provider, has announced a $100 million Series C investment led by Sunstone Partners....”
“OSF Digital offers commerce and digital services in addition to work with Salesforce....”
“Delta-v Capital and Salesforce Ventures also participated....”
“Delta-v Capital and Salesforce Ventures also participated....”
Ontology Mapping & Concepts
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