Total amount raised
$251.3 Millions
Latest funding date
Location
Apollo.io has successfully raised approximately $250 million over multiple funding rounds, achieving a valuation of $1.6 billion. The platform offers AI-driven sales tools designed to help businesses automate and optimize their sales processes.
Keep reading to explore the intricacies of Apollo.io's fundraising journey and the investors backing this innovative platform.
What Is Apollo.io?
Apollo.io, founded in 2015, is headquartered in San Francisco, California. The company was established by Ray Li, Roy Chung, and Tim Zheng.
Specializing in AI-driven sales tools, Apollo.io provides a comprehensive platform for sales and marketing teams to access verified contact data and automate outreach processes. The platform is trusted by over 500,000 companies globally.
With a workforce of 501-1000 employees, Apollo.io continues to innovate and expand its offerings, helping businesses optimize their sales processes and achieve better results.
How Much Funding Has Apollo.io Raised?
- Seed Round
- Amount Raised: $120K
- Date: March 2016
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI-driven sales tools.
- Seed Round
- Amount Raised: $2.2M
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial market reach.
- Series A
- Amount Raised: $7M
- Date: June 2018
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: $32M
- Date: November 2021
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the customer base and increase annual recurring revenue (ARR).
- Series C
- Amount Raised: $110M
- Date: March 2022
- Lead Investors: Sequoia Capital, Pathlight Ventures
- Valuation at Round: $900M
- Motivation Behind the Round: To accelerate product-led growth and significantly increase investment in product and engineering.
- Series D
- Amount Raised: $100M
- Date: August 2023
- Lead Investors: Bain Capital Ventures
- Valuation at Round: $1.6B
- Motivation Behind the Round: To further scale the platform and expand market reach.
Total Amount Raised: $251.32M. Current Valuation: $1.6B.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm known for investing in early and growth-stage companies across various sectors. They have a strong track record of backing some of the most successful technology companies in the world.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle, WhatsApp, LinkedIn
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that focuses on using data science to identify and invest in promising startups. They primarily invest in early-stage technology companies.
- Investment Focus Areas: Data-driven companies, technology, software
- Notable Investments: Carta, Front, Bolt
- Nexus Venture Partners
- Details: Nexus Venture Partners invests in early and growth-stage companies in India and the U.S. They focus on technology, enterprise, and consumer sectors.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Postman, Druva, Delhivery
- NewView Capital
- Details: NewView Capital focuses on growth-stage technology companies. They provide operational support to help these companies scale effectively.
- Investment Focus Areas: Growth-stage technology companies, enterprise software, consumer internet
- Notable Investments: Plaid, Duolingo, Scopely
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, investing in early to growth-stage companies. They focus on technology-driven businesses.
- Investment Focus Areas: Fintech, healthcare, enterprise software
- Notable Investments: LinkedIn, DocuSign, Jet.com
What's Next for Apollo.io?
Apollo.io stands at the cusp of significant growth opportunities. With a robust platform that integrates with major sales tools and a B2B contact database of over 220 million buyers, the company is well-positioned to capitalize on the increasing demand for sales intelligence and automation. The recent $110 million Series C funding will enable Apollo.io to accelerate product-led growth and expand its market reach, potentially tripling its Annual Recurring Revenue (ARR) and increasing its customer base.
Future fundraising opportunities appear promising as Apollo.io continues to demonstrate rapid growth and market penetration. The company may attract further investment rounds to support its expansion and innovation efforts. However, challenges such as maintaining data accuracy, scaling operations, and staying ahead of competitors like SalesLoft and ZoomInfo could pose hurdles. Ensuring seamless integration with other sales tools and managing rapid growth will be crucial for Apollo.io's sustained success.
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