IT Central Station Raises $30 Million From Invictus Growth Partners

Modiin, Israel; San Francisco, CA; New York, NY — October 6, 2021 — IT Central Station, the world's fastest growing enterprise technology review platform, announced that it closed a $30 million Series A funding round led by Invictus Growth Partners. Over the past year, IT Central Station enabled 97 of the Fortune 100 to research technology buying decisions, grew ARR by over 120%, surpassed 500,000 registered members, and was visited by 3.5 million enterprise software buyers. This funding will be used to rebrand as PeerSpot, expand into new enterprise technology categories, and accelerate sales and marketing. Invictus Co-Founders John DeLoche and William Nettles will join the Board of Directors.

Russell Rothstein, Founder and CEO, said: "IT Central Station has succeeded in building a platform that tech buyers trust and enables vendor marketers to achieve strong ROI. We are in the top of the first inning in our plan to build the world's largest B2B marketplace for enterprise technology, built upon a foundation of verified user-generated content and peer reviews. The Invictus team adds deep operating expertise, and I am thrilled to have Invictus as our partner for the next stage of our growth."

John DeLoche, Co-Founder and Managing Partner at Invictus, said: "IT Central Station's peer review platform is a critical resource for buying enterprise software, and their reviews are the most thorough and trusted among enterprise buyers. Russell has built the leading marketplace for enterprise technology, while achieving strong growth and profitability."

William Nettles, Co-Founder and Managing Partner at Invictus, said: "Making the right enterprise software purchasing decisions has never been more mission critical. IT Central Station's reviews have proven to be a must-have for enterprises to validate the performance of their products, while providing buyers the most trusted and reliable data for their buying decisions."

The need for trustworthy peer recommendations in the buying process continues to climb in the $4 trillion market for enterprise technology. IT Central Station's research shows that 93% of B2B buyers rely on reviews and analysis to drive their major purchasing decisions.