Software tools from Yesware have served salespeople at some of the fastest-growing software companies across the world—including Groupon, Acquia, and InsightSquared. Now, the company has just closed a $13.3 million in Series C financing—bringing the total it's raised to $30 million.
This latest round of funding was led by previous investor Foundry Group, with participation from all of Yesware’s existing investors—including Battery Ventures, Google Ventures, Golden Venture Partners and IDG Ventures. The company plans to use this new capital to accelerate growth and fuel expansion.
"We're happy to have our current investors, who know our company incredibly well, re-invest in Yesware," said founder and CEO Matthew Bellows in an email to BostInno. "We raised exactly what we need to accelerate Yesware's growth and bring our company to the next level."
Bellows elaborated on Yesware’s journey to the Series C round in a blog post Thursday.
He wrote:
Just over four years ago, we brought in our first investors, threw away our prototype, recruited a few of the best engineers on the planet, and released our first version of Yesware for Gmail.
Looking back at our first funding round, I'm struck by how unrealistic our revenue projections were. How did I not get laughed out of every room I walked into?
But really the way it worked for us is the way it works for most startup people… you talk with enough people, and make enough sense or don’t seem too crazy, that some of them smell the same opportunity that you do. After meeting with and pitching 45 angels, super angels, micro and macro VCs, and other associated people, we connected with Rich Miner from Google Ventures, Brad Feld from Foundry Group, and Matt Golden from Golden Venture Partners.
In our A Round we welcomed Pat Kineally from IDG Ventures to the team. In our B Round, we welcomed Neeraj Agrawal from Battery Ventures. And since that delusional business plan, we’ve built the foundations of a great company.
We have served almost 700,000 salespeople across the globe. We offer Yesware for Google Apps, Outlook and iOS. We are deeply integrated into the sales process at some of the fastest growing software companies in the world. We’ve built an incredible team and culture.
But there is so much more to do. I’m so proud of what we’ve done so far, and it’s gratifying to see so many of our initial ideas in the hands of our customers, and we’re only just getting started.
With Outlook and Gmail integration, Yesware provides email tracking and analytics, customizable sales templates and CRM integration to help salespeople more effectively communicate with customers. The company, which was founded in 2010, currently employs 70 people, and has nine open positions it's actively hiring for.
Photo via Yesware.
