Showpad, a sales enablement solution provider, raised $70 million in Series D funding. The round, which includes a combination of debt and equity financing, was led by Dawn Capital and Insight Partners. Hummingbird Ventures and Korelya Capital also participated, along with Silicon Valley Bank, which provided the debt financing.
The company said the investment will be used to fuel new product development and accelerate global expansion. Showpad aims to add more than 200 new jobs to its global workforce in 2019 and said it will be especially focused on deeper penetration of the European market.
“We pride ourselves on empowering modern sales teams to increase win rates, deal size and buyer engagement with a single, scalable platform and a consumer-like user experience,” said Pieterjan Bouten, CEO of Showpad, in a statement. “The continued support of our investors is validation of our vision for the sales enablement market and our ability to deliver innovation that maximizes sales productivity and optimizes marketing impact.”