SalesLoft has closed a $70 million Series D funding round led by Insight Partners with participation from new investor HarbourVest Partners and existing backers Emergence Capital and LinkedIn.
Insight Partners also led the company’s Series C round of $50 million one year ago. At the time, SalesLoft Head of Community Aly Merritt told Hypepotamus that they believed New York-based Insight Ventures was “the best ‘scale past $100 million SaaS firm.’”
SalesLoft, which does not disclose its valuation, has now raised $145 million in outside funding. Early investors included Atlanta Ventures’ partner David Cummings and angel investor Tom Noonan.
“We’ll use this capital to expand on our global footprint of our Lofters around the world,” said founder and CEO Kyle Porter in a video on Twitter announcing the round. Atlanta-headquartered SalesLoft has offices in New York, San Francisco, Guadalajara, Mexico, and just last month opened an EMEA-focused office in London with a leader pulled in from LinkedIn.
Porter also says they’ll continue to expand on their artificial intelligence-driven sales engagement tools to help “power our customers in their ability to generate the most revenue possible.”
SalesLoft has emerged as a category leader in this relatively new “sales engagement” market, claiming its recurring revenue has grown by 1000 percent in the last three years, doubling over the last 12 months.
They are now at almost 400 employees and continue to grow.