Apollo.io Raises $110 Million In Series C Funding Round
Apollo.io, the US and Bengaluru-based integrated B2B sales intelligence and engagement platform, has raised $110 million as part of its Series C funding round. Led by Sequoia Capital, existing investors Tribe Capital, Nexus Venture Partners, and NewView Capital also participated in the funding round.
As per the startup, the freshly raised capital will accelerate its product-led growth, increasing its investment in product and engineering by nearly 300% to continue to build the best platform in its category.
Apollo.io | All-in-one Sales Intelligence And Engagement Platform
Founded in 2015, Apollo.io is an all-in-one sales intelligence platform with tools to help you prospect, engage, and drive more revenue. The platform offers smart sales engagement features to help sales teams automate their workflows and outreach, driving increased productivity.
Speaking about the development, Tim Zheng, Co-founder and CEO, Apollo.io, said,
“This funding will enable us to hire the very best people in the industry, continue to build and market our category-leading sales intelligence and engagement platform, and accelerate our growth with investments in marketing and sales.”
As per Tim, Apollo.io is one of the fastest-growing sales platforms integrating the most accurate buyer data with powerful engagement, automation, and intelligence tools to easily find and target the right buyer at the right time with the right message.
Apollo.io enables sellers and marketers to discover more customers in the market, connect with contacts, and establish a modern go-to-market strategy. Its B2B contact Database has information on over 220 million buyers.
As per the startup, it has increased its paid customer base by nearly 60% to over 15,000 paying customers since the Series B funding round. Additionally, annual recurring revenue (ARR) has grown nearly three times in the past 12 months, added the startup.
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