Total amount raised
$245 Millions
Latest funding date
11/1/2021
Location
Lusha has successfully raised significant funding through multiple rounds, attracting notable investors such as PSG Equity and ION Crossover Partners.
Keep reading to delve into the details of Lusha's funding journey and the key investors supporting this innovative platform.
What Is Lusha?
Lusha, founded on March 1, 2016, is a crowdsourced data platform for B2B sales and marketing. Headquartered in New York, it connects sales, business development, and HR professionals.
The platform helps users enrich and verify business profiles, transforming how they engage with leads, contacts, and candidates. Lusha serves over 540,000 professionals, including major enterprises like Google and Microsoft.
With a team of 251-500 employees, Lusha continues to innovate in the sales intelligence space, providing tools that streamline and enhance business connections.
How Much Funding Has Lusha Raised?
- Amount Raised: $40 million
- Date: February 2021
- Lead Investors: PSG Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Amount Raised: $205 million
- Date: November 10, 2021
- Lead Investors: PSG Equity, ION Crossover Partners
- Valuation at Round: $1.5 billion
- Motivation Behind the Round: To expand Lusha's global presence, invest in data infrastructure and privacy standards, and continue developing innovative products.
Total Amount Raised: $245 million. Current Valuation: $1.5 billion.
Key Investors
- PSG Equity
- Details: PSG Equity is a growth equity firm that partners with middle-market software and technology-enabled services companies. Founded in 2014, it has offices in Boston, Kansas City, and London.
- Investment Focus Areas: Middle-market software companies, technology-enabled services companies.
- Notable Investments: Signavio, Jobcase, Assembly.
- ION Crossover Partners
- Details: ION Crossover Partners is an investment firm that focuses on high-growth technology companies, often during their global expansion phase. The firm manages approximately USD 2.7 billion in assets.
- Investment Focus Areas: High-growth technology companies, companies in their global expansion phase.
- Notable Investments: Fiverr, Monday.com, Taboola.
What's Next for Lusha?
Lusha's future is brimming with opportunities. The company aims to expand its global presence, enhance its data infrastructure, and provide high-quality data at affordable prices. With a community of over 800,000 sales professionals, the potential for growth is substantial. The shift towards data-driven sales and marketing, coupled with the increasing importance of privacy compliance, positions Lusha well in the market.
Future fundraising opportunities seem promising, given the recent $205 million Series B funding. This financial boost will likely support further international expansion and technological advancements. However, Lusha will need to navigate challenges such as maintaining data accuracy, ensuring compliance with evolving privacy regulations, and competing with established players in the industry.
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