Seattle-based sales software company Highspot has raised a $248 million Series F round and pushed its value to $3.5 billion, up from $2.3 billion after the company's $200 million round in February.
Highspot co-founder and CEO Robert Wahbe said the company will use the money to hire staff and open international offices, particularly in Europe, the Middle East and Africa, as well as the Asia-Pacific region. Highspot now has over 800 employees, up from 400 two years ago, and plans to add more than 500 over the next year.
"We see an incredible opportunity in front of us," Wahbe said. "We need to continue to invest very significantly and invest in our go-to-market team, invest in our product and the capabilities of our product."
Since July, Highspot has added two floors, for a total of five, at its headquarters at 2211 Elliott Ave. in Belltown, where the company now has 134,550 square feet of office space. In addition to Seattle, Highspot has offices in London, Munich and Paris, Wahbe said. He added that the Seattle headquarters can house up to 1,000 employees.
Highspot is hiring for a variety of positions, including engineering, product, design, marketing and sales, Wahbe said. The company has more than 170 open roles listed on its website. Wahbe said although Highspot has a strong contingent of employees in Seattle, the company now hires in most U.S. states and in Canada.
Highspot was founded in 2012. The company's software helps sales reps with content management, training and guidance. Its clients include Fiserv, Red Hat and Zillow. Highspot has raised $648 million since its founding.
B Capital Group and D1 Capital Partners led the round, while Iconiq Growth, Madrona Venture Group, Salesforce Ventures, Sapphire and Tiger Global Management participated.
Although Highspot doesn't have a specific time frame, Wahbe said the company does aim to eventually go public.
"Our focus continues to be on building a significant company in the enablement space," Wahbe said. "We're focused on growing the company, which of course then enables us to go public."
