Bangalore-based AI driven sales execution, automation, and predictive analytics platform LeadSquared have secured USD 3 Million in Series-A funding from Stakeboat Capital. Jyoti Bansal, an existing investor in the company, and the founder of AppDynamics and Harness.io has participated in this round again.
LeadSquared plans to utilize the funding for the expansion of its operations and customer acquisition globally.
Commenting on the investment, Nilesh Patel, CEO of LeadSquared, said, “The funding comes right in time to propel our global expansion plans to action. We have lately been seeing an outpour in interest from US, South East Asian and Middle Eastern markets, and we plan to invest more in the regions, so the timing couldn’t have been better.”
Chandrasekar Kandasamy, Managing Partner of Stakeboat Capital said, “We are excited to be part of LeadSquared’s journey to excel as a sales execution platform. They have had exceptional success in the Indian market and are well poised to succeed in global markets. We look forward to working with the team and helping them grow as a global provider of SaaS solutions.”
LeadSquared is an AI-powered sales execution, CRM and marketing platform, launched in 2013 by serial entrepreneurs from IIT Nilesh Patel, Sudhakar Gorti and Prashant Singh under the banner of their agency MarketXpander Services Pvt. Ltd.
Over the years, it has grown to be used and trusted by over 800 new-age businesses globally in verticals like education, financial services, insurance, healthcare, internet marketplace, and real estate.