Outreach, a sales engagement and intelligence platform, closed a $200 million funding round. New investors Premji Invest and STEADFAST Capital Ventures co-led the round with existing investors Salesforce Ventures, Sand Capital and more.
Specializing in optimizing the customer journey across the entire lifecycle, Outreach promotes collaboration at-scale by driving efficiency and effectiveness for marketing, sales development, closing and success teams. With the added funding, Outreach plans to scale its sales and marketing organizations and invest in building, acquiring and delivering new technologies. The company also intends to expand and invest in new markets.
This new funding round follows two years of remarkable growth for the customer optimization platform. In 2019, Outreach secured $114 million in Series E funding, which brought its total valuation to $1.1 billion and earned it unicorn status. Just last year, the company received $50 million in a funding round. This latest funding round raises Outreach’s valuation to more than $4.4 billion and brings its total funding to $489 million.
“This past year represents a true moment of maturity for Outreach,” said Manny Medina, CEO and Co-founder of Outreach, in a statement. “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. We continue to lead and expand the vision for sales engagement. Now, we are poised to deliver more meaningful business outcomes for our customers than ever before.”