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Email productivity startup Yesware had some bittersweet news: It raised $15 million from top investors and CEO Matthew Bellows stepped down.
The eight-year-old sales productivity platform raised this round led by Foundry Group, with participation from Battery Ventures, Google Ventures, IDG, and Shea Ventures, bringing the company’s total funding to $48 million.
Yesware also announced that its board of directors appointed Joel Stevenson as CEO. Stevenson, an e-commerce veteran, was formerly at Wayfair and has previously served as Yesware’s VP of sales and marketing and most recently as chief operating officer since joining the company in March 2017. Matthew Bellows, Yesware’s co-founder, has stepped down from his role as CEO but will continue to serve as chairman of the board of directors in addition to assuming a full-time role in managing partnerships.
“It’s been an honor to serve as the CEO of Yesware since founding the company eight years ago,” said Bellows in a blog post explaining his decision to step down.
