Saturday, December 9

MindTickle Raises $40 Million in Series C Funding

SAN FRANCISCO– MindTickle, a leading Sas platform has secured $40 million in Series C funding.

New investor Norwest Venture Partners led the round with participation from all existing investors including Accel Partners, Canaan, NewView Capital, a spinout of New Enterprise Associates, and Qualcomm Ventures LLC. In addition, Scott Beechuk, partner at Norwest Venture Partners and former Senior Vice President of Product Management at Salesforce Service Cloud will join MindTickle’s Board of Directors.

This round brings MindTickle’s total raised to more than $81 million.

Speaking on the development, Krishna Depura, co-founder and CEO of MindTickle said, “Sales and service organizations are facing a perfect storm on many fronts and company representatives that are not equipped to handle complex buyer needs and competitive challenges are being left behind. MindTickle is empowering companies to grow revenue and build their brand value by transforming customer-facing teams preparing them to be on message and on task every time they engage with a prospect or customer,”

MindTickle has experienced rapid growth by many business measures, including expanding its Fortune 500 and Global 2000 customer base by 200 percent and increasing annual recurring revenue by more than 100 percent year over year.