April 29, 2014

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Article

Insidesales.com Closes $100 Million Round of Funding

Press Release

April 29, 2014

Provo — http://insidesales.com/">InsideSales.com has closed and committed $100 million in series C financing to boost revenue growth, expand its portfolio of technology solutions for salespeople and enter new geographic markets.

http://www.polarispartners.com/">Polaris Partners led the round and http://www.kpcb.com/">Kleiner Perkins Caufield & Byers (KPCB) was the other major investor. Acadia Woods, EPIC Ventures, http://salesforce.com/">Salesforce.com and Zetta Venture Partners also participated, as well as previous investors Hummer Winblad and U.S. Venture Partners. The round also included individual investors, including Fraser Bullock, managing director at Sorenson Capital.

InsideSales.com has achieved 107 percent year-over-year sales growth with corresponding growth in employee count. The company currently provides software-as-a-service (SaaS) solutions to more than 1,000 customers, including large enterprise organizations like Fidelity, Microsoft, Groupon, McGraw-Hill and Marketo.

“Customers, partners and investors frequently ask us what our secret sauce is,” InsideSales.com CEO and founder Dave Elkington said. “Our secret sauce is our scientific approach to sales. We use data as a strategic weapon to systematically improve sales performance and drive sales growth for our own company and for customers who want to maximize revenue growth.”

 

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