Showpad has successfully raised $60.5 million over three funding rounds, with the latest being a Series C in May 2016. The platform offers an AI-powered sales enablement operating system designed to empower sellers with content and training to engage buyers effectively.
Keep reading to explore the intricacies of Showpad's fundraising journey and the investors backing this innovative platform.
What Is Showpad?
Showpad, founded in 2011, is headquartered in Ghent, Belgium. The company was established by Pieterjan Bouten, Peter Minne, and Louis Jonckheere.
Showpad provides an AI-powered sales enablement platform that helps sellers engage buyers effectively through content and training. The platform includes tools for content management, buyer engagement, training, coaching, and analytics.
With a workforce of 201-500 employees, Showpad operates globally, with offices in Chicago, Portland, San Francisco, and other locations.
How Much Funding Has Showpad Raised?
- Series A
- Amount Raised: $2,000,000
- Date: March 2013
- Lead Investors: Hummingbird Ventures
- Motivation Behind the Round: To develop the initial product and expand early operations.
- Series B
- Amount Raised: $8,500,000
- Date: November 2014
- Lead Investors: Dawn Capital, Hummingbird Ventures
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Amount Raised: $50,000,000
- Date: May 2016
- Lead Investors: Insight Partners
- Motivation Behind the Round: To continue growing its SaaS sales productivity platform.
Total Amount Raised: $60.5M
Current Valuation: (~estimated)
Key Investors
- Insight Venture Partners
- Details: Insight Venture Partners is a leading global private equity and venture capital firm. They focus on growth-stage software and internet businesses.
- Investment Focus Areas: Software, Internet, Data
- Notable Investments: Twitter, Shopify, DocuSign
- Dawn Capital
- Details: Dawn Capital is a venture capital firm that invests in early-stage technology companies. They specialize in B2B software and fintech sectors.
- Investment Focus Areas: B2B Software, Fintech, Enterprise Software
- Notable Investments: iZettle, Mimecast, Collibra
- Hummingbird Ventures
- Details: Hummingbird Ventures is a venture capital firm that invests in early-stage technology companies. They have a particular interest in disruptive and innovative startups.
- Investment Focus Areas: Technology, Disruptive Startups, Innovation
- Notable Investments: Deliveroo, Peak Games, Showpad
What's Next for Showpad?
Showpad's future looks promising as it leverages its recent $50 million Series C funding to expand its customer base and enhance its platform with new integrations like Gmail and Salesforce. With a strong foothold in the enterprise sector, serving over 850 customers, the company is well-positioned to capitalize on the growing demand for SaaS platforms that boost sales productivity.
As Showpad continues to grow, additional funding rounds may be on the horizon to support further expansion and development. However, the company will need to navigate challenges such as intense competition from other SaaS platforms and maintaining its rapid revenue growth. Ensuring seamless integration with other services will be crucial to meeting customer needs and sustaining its market position.
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 Showpad and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
