Total amount raised
$187.9 Millions
Latest funding date
6/1/2022
Location
LeadSquared has successfully raised significant funding across multiple rounds, with its latest being a Series C. The platform offers a comprehensive suite of CRM and marketing automation solutions designed to enhance sales efficiency and productivity.
Keep reading to explore the intricacies of LeadSquared's fundraising journey and the investors backing this innovative platform.
What Is LeadSquared?
LeadSquared, founded on June 1, 2011, is headquartered in Bangalore, Karnataka, India. The company was established by Anand Kumar, Nilesh Patel, Prashant Singh, Sudhakar Gorti, and Sukhbir Kalsi. With a workforce ranging between 1001-5000 employees, LeadSquared specializes in sales execution and marketing automation, offering tools like sales CRM, mobile CRM, and marketing automation to enhance business efficiency.
How Much Funding Has LeadSquared Raised?
- Series A
- Amount Raised: $3M
- Date: May 2019
- Lead Investors: Stakeboat Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B
- Amount Raised: $32M
- Date: December 2020
- Lead Investors: Gaja Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and accelerate growth.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: International Finance Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series C
- Amount Raised: $153M
- Date: June 2022
- Lead Investors: WestBridge Capital
- Valuation at Round: $1 billion
- Motivation Behind the Round: To double down on growth investments, expand into new regions, and fund acquisitions.
Total Amount Raised: $188M. Current Valuation: $1 billion.
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a private equity firm that focuses on high-growth companies. They led LeadSquared's Series C funding round with an investment of $153 million.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Mindtree, Vistaar Finance, Dr. Lal PathLabs.
- International Finance Corporation (IFC)
- Details: IFC is a member of the World Bank Group that invests in private sector projects in developing countries. They participated in LeadSquared's venture round in October 2021.
- Investment Focus Areas: Infrastructure, manufacturing, agribusiness.
- Notable Investments: Byju's, Swiggy, Bandhan Bank.
- Gaja Capital
- Details: Gaja Capital is a private equity firm that invests in mid-market companies in India. They led LeadSquared's Series B funding round with an investment of $32 million.
- Investment Focus Areas: Education, financial services, consumer goods.
- Notable Investments: EuroKids, Kinara Capital, Chumbak.
- Jyoti Bansal
- Details: Jyoti Bansal is a serial entrepreneur and investor known for founding AppDynamics. He invested in LeadSquared's Series A round.
- Investment Focus Areas: Technology, SaaS, enterprise software.
- Notable Investments: Harness, Traceable, BigPanda.
- Stakeboat Capital
- Details: Stakeboat Capital is a private equity firm that invests in growth-stage companies. They led LeadSquared's Series A funding round with an investment of $3 million.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Cloudnine Hospitals, MedGenome, Acko General Insurance.
What's Next for LeadSquared?
LeadSquared is poised for significant growth, with plans to expand its footprint in India and North America, while also targeting the APAC and EMEA regions. The company aims to double its headcount and grow its customer base by 70-80%, leveraging the $153 million raised in its Series C round. This funding will also support the addition of new product offerings and potential acquisitions.
Future fundraising opportunities seem promising, given the company's aggressive expansion plans and the increasing demand for sales automation solutions. However, challenges such as scaling operations efficiently and navigating competitive markets in new regions could pose hurdles. Integrating new acquisitions smoothly will also be crucial for sustained growth.
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