BUMP Network Closes Series B2 Financing Latest $2.3M investment to support SaaS & membership platform

SAN DIEGO, Nov. 6, 2012 /PRNewswire/ -- BUMP Network, the company that provides revolutionary SaaS based data, registration, transaction, and membership management technology, announced today that it has closed its Series B2 financing round.

(Photo: http://photos.prnewswire.com/prnh/20121106/LA06846-a)
(Logo: http://photos.prnewswire.com/prnh/20121106/LA06846LOGO-b)

Strategic investors participating in the round include Eric Schmidt's TomorrowVentures, ZIG Capital, Chris Burch via JCB Investments, Moore Venture Partners, La Jolla Holding Co., and several super angel investors. This current $2.3M round brings the total amount raised to $4.5M.

"This latest round of capital will allow us to significantly ramp up our SAAS product offering.  Our software allows any company to connect, communicate and monetize its consumers, manage their data, and provide hundreds of benefits, privileges and discounts through a membership program," says Mitch Thrower, BUMP's Founder and CEO. "With our proprietary software and technology, we are uniquely positioned to build on our continuing success in attracting enterprise customers," he added.

BUMP Network's white label customers include large shopping malls and retailers, conference companies, medical services providers, sports companies, and more.

"We also maintain our own consumer membership product and plan to expand this platform in 2013.  BUMP.com will offer all motorists a premium membership program including hotel, car, and air privileges along with a top-notch roadside assistance program for the digital age.  BUMP.com members will receive a better, less expensive option to the industry's current offerings," says Thrower, a serial entrepreneur, who was the co-founder and CEO of several successful technology companies, including some of the world's largest sports transaction businesses.  He was also Chairman of Triathlete Magazine and is a 22x Ironman Triathlete.

About BUMP Network

BUMP Network offers powerful, easy-to-use software for managing any organization's membership from sign up to redemption. BUMP Network integrates seamlessly into any existing website, offering a platform that allows a business or organization to generate and enhance revenue from its members through additional benefits offerings and data management. Information on BUMP Network can be found at www.BUMP-Network.com.

BUMP Network also maintains its own membership platform for the 250 million registered vehicles and their drivers in the U.S. called BUMP.com.  An integrated membership program, including a web and mobile messaging platform, BUMP.com will be rolling out new services in 2013, including roadside assistance and a broad range of benefits, privileges and discounts for BUMP.com members. Learn more and "claim your tag" at www.BUMP.com.  More than 100,000 people are already registered on BUMP.com's beta site.

BUMP Network's unique office space overlooking the infamous La Jolla Cove is highlighted in the short "About Us:BUMP Network" video found at http://www.youtube.com/watch?v=hDoLi3Px6wU

BUMP Network is currently hiring. Open positions are listed at http://www.bump-network.com/about/careers-at-bump/

For more information, interviews or camera-ready art contact press@bump-network.com.

SOURCE BUMP Network



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http://www.BUMP-Network.com

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