Leadspace, a customer data platform developer, announced it has raised $46 million in a growth funding round led by venture capital company JVP, bringing the company to $100 million in total funding. In addition, the company hired Alex Yoder as its new CEO.
Leadspace provides customer data and artificial intelligence solutions to companies who manage customer and business relationships and engagement, such as Zoom, Microsoft and Salesforce. With this additional capital, Leadspace hopes to build a dynamic database that gathers new data while helping sales and marketing teams improve campaign engagement.
“We typically invest in early-stage companies, but we only double down in category leaders and companies that can reach $100 million in ARR,” Margalit said in a statement. “We believe this will be the biggest space after CRM.”
As the new CEO, Yoder will be responsible for helping Leadspace use the new capital to build up its database while improving the company’s revenue generation.
“[Leadspace] expects to grow 70% this year, doubling the market’s growth,” Yoder said in a statement. “That growth is something that is possible. Part of that increase is due to companies looking to engage and find necessary contacts at companies through data after the COVID-19 pandemic forced many to have limited personal contacts.”