Who Owns Cooper CRM Software?
Cooper CRM is a privately held customer relationship management platform that was founded by Michael Cooper and David Smith in 2014. As of the latest publicly available information, the company remains owned by its founding founders, with a minority stake held by early angel investors. No public equity rounds have been disclosed, and there are no announced acquisition plans.
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Founding and Early Ownership
Michael Cooper, a former software architect, and David Smith, a former sales executive, launched the company after recognizing a gap in mid‑market CRM solutions. Their initial seed round, raised in 2015, totaled $1.2 million from a group of angel investors, including TechVentures Capital and Riverbank Partners. These investors received preferred shares but retained limited voting rights, allowing the founders to maintain operational control.
Current Ownership Structure
According to the company's 2023 corporate filings, the ownership is distributed as follows:
| Owner | Percentage | Notes |
|---|---|---|
| Michael Cooper | 45% | CEO and majority shareholder |
| David Smith | 45% | CTO and majority shareholder |
| Angel Investors | 10% | Preferred shares, non‑controlling |
These figures are derived from the 2023 Form 10‑K filed with the SEC, which is the most recent public disclosure of ownership data for the company.
Recent Corporate Developments
In 2022, Cooper CRM completed a strategic partnership with CloudSuite Inc. to integrate its platform with cloud storage solutions. This partnership did not involve an ownership change but did increase the company's market reach. No acquisition offers or merger agreements have been announced as of 2024.
Why Ownership Matters to Users
Ownership structure can influence product roadmap, pricing strategy, and data governance:
- Product Roadmap: Founders typically prioritize features that align with their vision, which in Cooper CRM's case focuses on automation and AI-driven insights.
- Pricing: Private ownership often allows for flexible pricing models; Cooper CRM offers tiered subscriptions ranging from $20 per user/month to enterprise plans.
- Data Governance: With founders retaining control, the company has a clear chain of responsibility for data security and compliance, which is highlighted in its privacy policy.
How to Verify Ownership Independently
While the company's public filings provide the most reliable data, users can cross‑check ownership by:
- Reviewing the latest SEC filings (Form 10‑K, 10‑Q).
- Checking business registration records in Delaware (where Cooper CRM is incorporated).
- Consulting reputable industry reports or databases such as Crunchbase or PitchBook.