SEATTLE, 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."
The new financing will be used to expand Outreach's product development and engineering teams as well as scale sales and marketing. Sam Fort, Partner, DFJ Growth, will join the Outreach Board of Directors.
"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.
Outreach, the leading sales engagement platform, automates and prioritizes customer touch points throughout the sales process, resulting in increased productivity for sales teams. Thousands of customers rely on Outreach to transform the sales process, drive collaboration between sales and marketing, and deliver higher revenue per sales rep. Outreach is a privately held company based in Seattle, Washington. To learn more, please visit www.outreach.io.
DFJ is a venture capital firm that partners with extraordinary entrepreneurs who set out to change the world. Since 1985, DFJ's core funds have raised $5 billion. These funds have been invested in more than 300 companies, including Baidu, Box, Cylance, Nervana, Planet, Skype, SolarCity, SpaceX, Tesla, Twilio, Twitter, Tumblr, and Unity. DFJ works with companies at early and growth stages, with the goal of creating iconic and lasting businesses. DFJ invests in emerging markets including consumer, enterprise, and disruptive technologies. Learn more at dfj.com.
Contact: Grady Gausman, (206) 456-9633, Grady.Gausman@barokas.com
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