Outreach Raises $50M in Funding
Summary
The round, which brought Outreach’s valuation up to $1.33 billion and total funding to $289m, was led by Sands Capital with participation from Salesforce Ventures with participation from new investor Operator Collective and existing investors Lone Pine Capital, Spark Capital, Meritech Capital Partners, Trinity Ventures, Mayfield, and Sapphire Ventures. The company intends to use the funds to accelerate development efforts and expansion plans. Led by Manny Medina, CEO and co-founder, Outreach provides a sales engagement platform to increase productivity and drive engagement with their customers. More than 4,000 companies such as Adobe, Tableau, DoorDash, Splunk, DocuSign, and SAP use the company’s solution. 600 employees, expanding to new locations in the U.S. and U.K., as well as hosting the largest virtual sales conference in North America with more than 14,000 registrants.
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