Atlanta

Atlanta companies are pulling in venture capital

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Published on April 30, 2019
Atlanta companies are pulling in venture capitalPhoto: SalesLoft/Glassdoor

Atlanta-based b2b company SalesLoft has secured $70 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on April 25.

According to its Crunchbase profile, "SalesLoft is the leading sales engagement platform, helping sales organizations to deliver a better sales experience for their customers. More than 2,000 customers use the company’s category-leading sales engagement platform to engage in more relevant, authentic and sincere ways, including Square, MuleSoft, Alteryx and Dell. Based in Atlanta, Georgia, with additional offices in San Francisco and New York, SalesLoft has more than 300 employees and was recognized as the best place to work in Atlanta."

The eight-year-old company has raised six previous funding rounds, including a $50 million Series C round in 2018.

The round brings total funding raised by Atlanta companies in sales and marketing over the past month to $107 million, an increase of $87 million from the month before. The local sales and marketing industry has seen 19 funding rounds over the past year, yielding a total of $179 million in venture funding.

In other local funding news, e-commerce and marketing company FullStory announced a $32 million Series C funding round on April 24, led by Stripes Group.

According to Crunchbase, "FullStory is an app that captures all your customer experience data in one powerful, easy-to-use platform. Its tiny script unlocks pixel-perfect session playback, automatic insights, funnel analytics and robust search and segmentation – empowering everyone in your organization to help build the best online experience for your customers."

Founded in 2012, the company has raised three previous rounds, including a $15 million Series B round in 2017.

Meanwhile, supply chain management company STORD raised $12 million in Series A funding, announced on April 5. The round's investors were led by Kleiner Perkins.

From the company's Crunchbase profile, "STORD gives companies of all sizes the warehousing and freight coverage, real-time inventory visibility and high-touch operations support needed to grow customers, out-deliver the competition and adapt to change. Powered by a nationwide network of trusted 3PL partners, innovative software, and great people, STORD’s One Network, One Platform, One Partner solution makes it easy to build, enhance and optimize distribution. The company's mission is to empower modern shippers to move products brilliantly."

STORD last raised $2.6 million in seed funding in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.