MindTickle has successfully raised significant funding across multiple rounds, positioning itself as a key player in the sales enablement and revenue productivity space. The platform offers a suite of tools designed to enhance the performance of sales teams through training, content management, and advanced analytics.
Continue reading to delve into the details of MindTickle's funding journey and discover the investors who are backing this innovative platform.
What Is MindTickle?
MindTickle, founded in 2011, is headquartered in Pune, India. The company was established by Krishna Depura, Mohit Garg, Nishant Mungali, and Deepak Diwakar.
Specializing in sales enablement and revenue productivity, MindTickle offers a comprehensive platform that includes training, content management, and advanced analytics. The platform aims to drive behavior change in go-to-market teams and improve overall sales performance.
With a workforce of over 500 employees, MindTickle continues to innovate and expand its offerings to meet the evolving needs of sales teams worldwide.
How Much Funding Has MindTickle Raised?
- Seed Round
- Amount Raised: $1,800,000
- Date: October 2014
- Lead Investors: Accel Partners, Amit Somani, Prayank Swaroop
- Motivation Behind the Round: To help startups train the large number of new employees they are hiring.
- Series A Round
- Amount Raised: $12,500,000
- Date: November 2015
- Lead Investors: New Enterprise Associates (NEA), Accel Partners
- Motivation Behind the Round: To develop and enhance their cloud-based software for inside sales teams.
- Series B Round
- Amount Raised: $27,000,000
- Date: December 2017
- Lead Investors: Canaan Partners
- Motivation Behind the Round: To scale their platform and expand market reach.
- Series C Round
- Amount Raised: $40,000,000
- Date: July 2019
- Lead Investors: Norwest Venture Partners
- Valuation at Round: $1B+
- Motivation Behind the Round: To accelerate growth and invest in product innovation.
Total Amount Raised: $81.3M. Current Valuation: $1B+.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, healthcare, enterprise software
- Notable Investments: Uber, Coursera, Robinhood
- Accel Partners
- Details: Accel Partners is a venture capital firm that focuses on early and growth-stage investments. They have a global presence with offices in Palo Alto, London, and Bangalore.
- Investment Focus Areas: Consumer internet, enterprise software, fintech
- Notable Investments: Facebook, Dropbox, Slack
- Canaan Partners
- Details: Canaan Partners is a venture capital firm that invests in early-stage technology and healthcare companies. They have been in operation for over 30 years.
- Investment Focus Areas: Healthcare, fintech, enterprise software
- Notable Investments: LendingClub, Match.com, Ebates
- Norwest Venture Partners
- Details: Norwest Venture Partners is a global, multi-stage investment firm that has been investing in companies for over 50 years. They focus on both early and late-stage investments.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Spotify, Uber, BlueJeans
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on early to late-stage investments in technology companies. They leverage Qualcomm's expertise in mobile and wireless technology.
- Investment Focus Areas: Mobile technology, IoT, AI
- Notable Investments: Zoom, Waze, Fitbit
What's Next for MindTickle?
MindTickle stands at the cusp of a significant opportunity, driven by the increasing adoption of inside sales teams and the need for effective training solutions. With a robust platform that addresses these needs, the company is well-positioned to capitalize on the growing trend of cloud-based sales enablement tools. The market potential is vast, as more companies seek to optimize their sales processes and improve team performance.
Future fundraising opportunities appear promising, especially given the successful Series A round led by New Enterprise Associates. Continued growth and market penetration could attract further investments, enabling MindTickle to expand its offerings and enhance its technology. However, the company may face challenges such as scaling its solutions to meet diverse client needs and staying ahead of competitors in the rapidly evolving sales enablement space.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like MindTickle and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
