Seattle-based sales and marketing data startup Falkon has raised $16 million.
Along with the funding round, announced Friday, Falkon is moving offices with the closing in August of the Pioneer Square coworking space and coding bootcamp Galvanize, where Falkon co-founder and CEO Mona Akmal said the company had maintained office space throughout the pandemic. She added that the company, which is temporarily office-less, is moving across the street in the coming weeks.
"For the longest time, I think we were the only tenants (Galvanize) had," Akmal said. "All our furniture is in a couple of U-Haul trucks."
The new space is 3,200 square feet, Akmal said, and Falkon moved out of Galvanize, at 111 S. Jackson St., this week. She said the team went out for drinks after packing to celebrate the bittersweet moment.
Falkon has 20 employees, of which about three-quarters are based in the Seattle area, according to Akmal, and the company will likely grow to 30 or 40 employees by the end of next year.
The company plans to keep the same ratio of employees based in the Seattle area as it grows, allowing Falkon to be remote-friendly but still have a nucleus here, Akmal said. She added that the employees in the Seattle area generally come in about three days per week, and the remote employees meet with the rest of the team once a quarter in Seattle.
Falkon, founded in 2019, connects data across sales and marketing to help reps close more revenue. According to the company, its software also helps with preventing customers from abandoning a product, or churn. Falkon says its clients include Icertis, Zendesk and Entrust. Falkon has raised $20 million since its founding, according to the company.
"One of the things that I'm very excited about is social selling as a concept," Akmal said. "We want to really embrace that."
Omers Ventures led the round, while Greylock Partners, Trilogy Financial, Flying Fish Partners, and Madera Partners all participated. Omers, a Canadian pension plan, had 121 billion Canadian dollars ($95.7 billion) in net assets as of the end of last year.
