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Outreach Secures $30 Million In New Funding To Help Sales Reps Close More DealsSEATTLE, May 24, 2017 /PRNewswire/ -- Outreach, the leading sales engagement platform, has secured $30 million in Series C financing. DFJ Growth led the round with participation from existing investors Mayfield, MHS Capital, Microsoft Ventures and Trinity Ventures. New investor Four Rivers Group also joined the round, which brings Outreach's total funding to date to $60 million. Outreach's sales engagement platform has been shown to triple the volume of meetings and increase qualified pipeline for front-line sales representatives. Outreach automates outbound selling through customized workflows and logs all activities in existing CRM systems – solving the problem of sales teams wasting time on administrative tasks which typically result in less than half of their time being spent actively selling. "Like many industries, technology is transforming sales from an art to a science," said Manny Medina, CEO of Outreach. "Sales is no longer about following up on inbound leads and hunting for a few big deals. It is about sales excellence - predictably executing the right selling activities at the right time. Outreach is ushering in this new era of sales excellence and will continue to find new ways to increase sales productivity across a wide variety of industries."
"Outreach meets a tremendous need in the sales and marketing space, as evidenced by their rapid growth and glowing customer reviews," said Sam Fort, Partner, DFJ Growth. "The opportunity for a platform that simplifies and automates the sales process is massive and we are thrilled to have Outreach join our portfolio." In addition to its new financing, Outreach, which supports more than 1,200 sales teams and over 15,000 reps, is unveiling a major update to its platform. The New Outreach includes a redesigned user interface, embedded analytics, and expanded capabilities to serve the entire sales team. Outreach was recently named a Rising Star on the Forbes World's Best 100 Cloud Companies List and one of Seattle Business Magazine's Best Places to Work. About Outreach About DFJ Contact: Grady Gausman, (206) 456-9633, [email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/outreach-secures-30-million-in-new-funding-to-help-sales-reps-close-more-deals-300463296.html SOURCE Outreach |