Outreach : Closes $200 Million Round; $4.4 Billion Valuation for Sales Engagement Category Leader
06/02/2021 | 01:01pm EDT
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SEATTLE, June 2, 2021 /PRNewswire/
Outreach, the largest and fastest-growing sales engagement platform provider, announced today it has closed a $200 million funding round co-led by new investors, Premji Invest and STEADFAST Capital Ventures. This funding round raises Outreach s valuation to more than $4.4 billion and its total funding to $489 million. The additional funding will further strengthen Outreach s position as a leading sales technology platform while accelerating market expansion and growth. This past year represents a true moment of maturity for Outreach - we are now a mission-critical part of the revenue tech stack for customers, said Manny Medina, CEO and co-founder of Outreach. The bets we made years ago, including significant investments in artificial intelligence combined with prospecting, closing and custom
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SEATTLE, June 2, 2021 /PRNewswire/
Outreach, the largest and fastest-growing sales engagement platform provider, announced today it has closed a $200 million funding round co-led by new investors, Premji Invest and STEADFAST Capital Ventures. This funding round raises Outreach s valuation to more than $4.4 billion and its total funding to $489 million. The additional funding will further strengthen Outreach s position as a leading sales technology platform while accelerating market expansion and growth. This past year represents a true moment of maturity for Outreach - we are now a mission-critical part of the revenue tech stack for customers, said Manny Medina, CEO and co-founder of Outreach. The bets we made years ago, including significant investments in artificial intelligence combined with prospecting, closing and customer success capabilities integrated into one holistic platform, are what revenue organizations need most right now to be successful. W
Salesforce Ventures-backed Outreach raises $200 mln at a $4.4 bln valuation Reuters 2 hrs ago
June 2 (Reuters) - Sales intelligence provider Outreach said on Wednesday it had raised $200 million in a funding round led by new investors Premji Invest and STEADFAST Capital Ventures, taking the startup s valuation to $4.4 billion.
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Other new investors such as Tiger Global Management, Sequoia Capital Global Equities and Vista Public Strategies participated in the round, which was joined by existing investors including Salesforce Ventures and Lone Pine Capital.
Outreach, whose customers include Microsoft Corp, Zoom Video Communications Inc and Adobe Inc, has raised $489 million in funds so far.