Private Equity Fund Investments
PremjiInvest co-leads $200-M funding in US-based sales engagement platform Outreach
Seattle, WA (USA)-based sales engagement platform provider Outreach has closed a USD 200 million funding round co-led by new investors including India-based PremjiInvest and US-based Steadfast Capital Ventures. The funding values Outreach at over USD 4.4 billion. Sandesh Patnam, Managing Partner of PremjiInvest, will join the Outreach board. Other new investors in the round included Tiger Global, Sequoia Capital Global Equities and Vista Public Strategies. Existing investors, including Salesforce Ventures, Lone Pine Capital, Sands Capital, Mayfield Fund, DFJ Growth, and Trinity Ventures also participated. Outreach has raised USD 489 million so far. It claims to integrate sales engagement, conversation intelligence and revenue intelligence into a single platform. It counts Adobe, Tableau, Okta, Splunk, DocuSign and SAP as customers. Outreach has more than 800 employees globally and has added two offices in London and Prague to its US locations in Seattle and San Francisco.
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