SalesForce Ventures joins Investors backing Outreach
Outreach closed a $50 million funding round. Outreach remains a unicorn in the growing sales engagement category despite the turbulent times. The Outreach platform helps professionals utilise email for clients b2b sales journeys.
Outreach also announced the expansion of its executive team today with the hiring of Melissa Fisher as its chief financial officer. Fisher comes to Outreach from Qualys. During Fisher’s tenure at Qualys, the company’s industry-leading EBITDA margins expanded to 44 percent and its stock price increased more than 400 percent.
“Melissa is the right leader to help guide Outreach through its next phase of our growth,” said Manny Medina, CEO and co-founder of Outreach. “She has extensive experience scaling a publicly-traded B2B SaaS company — especially in an accelerated growth atmosphere..”
This funding round is led by Sands Capital with participation by Salesforce Ventures. This round brings Outreach’s valuation up to $1.33 billion and total funding to $289 million.
“Joining Outreach is an incredible opportunity. I’m passionate about leveraging data to drive sales and go-to-market success as well as building scalable processes that increase sales & business velocity,” said Fisher.
Michael Clarke, partner at Sands Capital’s Global Innovation Fund said “Enterprise sales teams are rapidly adopting sales engagement platforms and Outreach’s rapid growth reflects this.”
Outreach has grown rapidly over the past year, doubling its employee count to almost 600 employees, expanding to new locations in the U.S. and U.K., as well as hosting the largest virtual sales conference in North America with more than 14,000 registrants.