The company will use this funding to strengthen its presence and market share in the United States
Slintel, the SaaS marketing platform based in Mountain View and Benagluru, raised $ 4.2m in a funding round led by Accel, with participation from Sequoia Capital India and existing investor Stellaris Venture Partners
The company plans to use this funding to strengthen its presence in the United States and gain greater market share by strengthening its products Some of the funding will also be used to double its team size from 35 to 70 employees
« The new investment will allow us to double our vision of helping sales and marketing teams find the buyers most likely to engage with them The investment from this cycle will be used to strengthen the product and gain market share aggressively, given the speed at which we have been able to add clients over the past year, ”said Deepak Anchala, CEO and founder of Slintel
Slintel had raised $ 1.5m in seed funding led by Stellaris Ventures with participation from Accel Partners, Engagele social founder Anand Jagannathan and Senior Managing Director of Helion Ventures, Ashish Gupta, in December 2019
Founded in 2016 by Anchala, Rahul Bhattacharya and Ranjana TN, Slintel offers predictive sales insights to B2B technology and software companies with a strong focus on the US market Almost 80% of its revenues come from the American market It also has customers in Europe and the Asia-Pacific regions
It has nearly 100 clients and tracks 16 million clients and 40,000 software products, providing insight through its market analysis to marketers The company is doing most of the development in its Bengaluru center and was also part of of the deeptech cohort of the GSF technology accelerator in December 2018
With its technology teams based in Bangalore, Slintel plans to repeat its growth figures in fiscal 2021 and reach a base of 300 customers by 2022 « The team’s ability to improve the pipeline of opportunities for sales managers while reducing overall expenses has been admirable, ”said Alok Goyal, partner at Stellaris Venture Partners
According to Inc42 Plus’s annual tech startup funding report for 2019, the deeptech sector raised over $ 136 14m in 2019
Slintel Inc, Sequoia Capital, Startup company, Accel, Marketing, Funding, Venture Capital
World news – US – Slintel raises $ 4 2 Mn from Accel, Sequoia to expand its presence in the USA
