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SalesLoft Valued At $1.1 Billion After $100 Million Equity Investment

  • Written by Kelly Lindenau
  • Published in Financial News

Screen Shot 2021 01 06 at 1.38.31 PMSalesLoft, a sales engagement platform, raised $100 million at a $1.1 billion valuation, bringing total funding to $245 million. Owl Rock Capitalled the round with participation from HarbourVest and Emergence Capital and others.

SalesLoft will use this funding to investin new vertical markets, AI/ML-driven insights and product innovationand further international expansion.

“Our goal is and always will be to help our customers win,” said Kyle Porter, CEO of SalesLoft, in a statement. “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.”

Fueled by the transformation to digital selling, the sales engagement market has attracted nearly half a billion dollars in funding in the last sixmonths. Since last year’s fund raise, SalesLoft more than doubled recurring revenue.