DiscoverOrg set for growth with cash infusion

"DiscoverOrg, the Vancouver-based provider of market intelligence information to businesses, is about to launch another growth spurt.

The 230-employee company will announce Tuesday that it has secured an undisclosed investment from several major investment firms. Those include Goldman Sachs Business Development Co., NXT Capital, Silicon Valley Bank and Antares Management.

Henry Schuck, DiscoverOrg’s co-founder and CEO, said the investment group chose not to release the funding amount, which he said was at least a seven-figure number. “We’re not a company that needs this cash to survive,” Schuck said. “With or without this funding, DiscoverOrg has a long future. We wanted to bring this caliber of investor to the table.”

The new investment is on top of another cash infusion — a growth equity investment in 2014 by TA Associates and 5W Capital..."