- SalesLoft — a provider of a top sales engagement platform — announced it has raised $100 million in funding at a $1.1 billion valuation. These are the details.
SalesLoft — a provider of a top sales engagement platform — announced it has raised $100 million in funding at a $1.1 billion valuation. This brings the company’s total funding to $245 million. Owl Rock Capital led the round with participation from Insight Partners, HarbourVest, and Emergence.
And since last year’s fundraise, the company has more than doubled recurring revenue and established itself as the only complete provider of Sales Engagement in the market. The Sales Engagement market has been growing at a historic pace, fueled by the transformation to digital selling, and has attracted nearly half a billion dollars in funding in the last six months. SalesLoft’s customers include Google, LinkedIn, Slack, Shopify, Dell, and Cisco, 3M, Cargill, and S&P.
The recent launch of Coach to Close highlights SalesLoft’s approach as the only platform integrating the 3 most critical solutions for digital selling – Cadence for building pipeline and managing customer communications, Conversations for analyzing call recordings and meetings, and Deals for managing opportunities.
SalesLoft plans to use this funding to continue transforming the sales industry and helping the world’s companies sell more successfully. And this includes investing in new vertical markets, AI/ML-driven insights and product innovation, and further international expansion.
KEY QUOTES:
“Our goal is and always will be to help our customers win. This year has accelerated the need for revenue teams across all industries to transform through a digital selling strategy. SalesLoft is a crucial technology for sales teams to perform at their highest potential.”
“We know which sales activities lead to the best revenue outcomes. Our data science team is bringing insights and best practices into the platform to tee up next best actions and benefit our customers.”
— Kyle Porter, CEO SalesLoft
