SalesLoft, an Atlanta-based sales engagement platform, has raised $70 million in a Series D round, bringing its total funding to $145 million. Insight Partners led the round alongside HarbourVest Partners. The VC firms joined prior investors Emergence Capital and LinkedIn.
SalesLoft has grown recurring revenue by more than 1,000 percent over the last three years and has expanded to 400 employees. The company was named the seventh fastest-growing technology company in North American by Deloitte.
SalesLoft provides a sales engagement platform that helps sales organizations deliver a better sales experience for their customers. The company caters to more than 2,000 customers, including Facebook, MuleSoft, Square, WeWork and Zoom.
This latest investment comes 12 months after the company announced its $50 million Series C round.
“This investment allows us to expand globally and drive innovation in the sales engagement category,” Kyle Porter, co-founder and CEO of SalesLoft, said in a statement. “Our commitment is to continue to help our customers deliver better buying experiences for their customers, make their sales teams more effective and efficient, and generating the most revenue.”
According to company representatives, SalesLoft will use the funds to scale its offices in Atlanta, San Francisco and New York, as well as internationally. The company recently announced the opening of its first European office in London.
The company will apply this additional investment across all business functions but will focus primarily on category innovation, customer success and building a global community, the press release states.
"We partnered with SalesLoft because of their customer-centric approach to selling," said Jim Steele, president and CRO of Yext, said in a statement. "SalesLoft has had a huge impact on our revenue growth and dramatically improved the selling experiences we provide our customers."
