Highspot, the sales enablement platform that increases the performance of sales teams, raised $248 million in Series F funding. Highspot's post-money valuation is now $3.5 billion, which has quadrupled in the past two years. The company's total funding is now $648 million.
The round was led by new investors B Capital Group and D1 Capital Partners, with participation from existing investors: ICONIQ Growth, Madrona Venture Group, Salesforce Ventures, Sapphire, and Tiger Global Management.
Highspot will use the funding to deepen investments across its business as it expands globally, accelerates product development, and continues to create a thriving company culture.
Company: Highspot, Inc.
Raised: $248.0M
Round: Series F
Funding Month: January 2022
Lead Investors: B Capital Group and D1 Capital Partners
Additional Investors: ICONIQ Growth, Madrona Venture Group, Salesforce Ventures, Sapphire, and Tiger Global Management
Company Website: https://www.highspot.com/
Software Category: Sales enablement platform
About the Company: Highspot is the sales enablement platform that increases the performance of sales teams by bridging the gap between strategy and execution. With Highspot, our customers turn initiatives into the actions that sales teams must execute and enable sales leaders to measure what is and is not working with deep and actionable insights. Companies like DocuSign, Fiserv, OKTA, Red Hat, and Zillow use Highspot to manage content, train and coach sellers and engage buyers. Executing your strategic initiatives with Highspot increases revenue drives consistent rep performance and improves rep ROI.
Source: https://www.highspot.com/blog/highspot-closes-248-million-series-f-round-to-accelerate-growth-and-product-innovation/