Slintel Raises $ 20 Million in Series A Funding Round Led by GGV Capital
MOUNTAIN VIEW, CALIFORNIA, June 10, 2021 / PRNewswire / – Slintel, a leader in B2B buyer intelligence, has $ 20 million in a Series A funding led by GGV Capital, a global venture capital firm known for its investments in successful businesses such as Airbnb, HashiCorp, Peloton, Poshmark, Slack, Square, StockX and Wish. Existing investors Accel, Sequoia Capital India and Stellaris Venture Partners also participated in the round.
B2B buyers are more digital today than ever before, and buyer intelligence takes precedence over traditional business and marketing intelligence as buyers embark on complex online journeys. It is estimated that by 2025, 80% of all B2B purchases will be made through digital channels. Slintel helps go-to-market teams understand where buyers are on their journey, what their weaknesses are, technology adoption, and opt-out data to gain a 360-degree view of the buyer.
The announcement comes shortly after the company announced that its revenue and customer base had grown more than 5 times in the past 12 months. Intent to buy is the fastest growing category in the $ 24 billion the business intelligence and marketing space, and Slintel is one of the fastest growing companies in that space.
With the support of GGV Capital, the company aims to establish itself as a leader in this category. “The Slintel team is delighted to welcome Hans toung as the newest member of the board, ”said Deepak Anchala, CEO and Founder of Slintel. “We look forward to taking our solution further to leverage the use cases in different GTM functions.
Hans toung, Managing Partner of GGV Capital, was ranked 3rd on Forbes’ prestigious Midas list this year for his progress in the strategic investment landscape in 2020. Asked about the investment, Hans said: “ With the global pandemic completely changing the way businesses operate, B2B transactions have become more digital than ever. Internal sales teams close high-value, multi-million dollar transactions while working remotely, and products like Slintel enable businesses to do so by helping them reinvent their entire sales process for the environment. today. “
“The next big wave in the corporate space is (the) use of AI to rethink processes, and all of the AI behind it requires data,” said Alok goyal, partner at Stellaris Venture Partners. “So I’m optimistic about the entire data stack, including proprietary or inferred data that is not easy to replicate. Slintel belongs to the second category. Their ability to predict strong prospects is a relatively unique ability, and it’s very easy to sell because of a direct correlation to (the) turnover for their clients. “
“Slintel has one of the best GTM engines we’ve seen in any startup, and the consistency with which the team has been able to meet their growth goals is commendable,” said Prayank Swaroop, Partner at Accel. “We envision a company that is changing the world of marketing and business intelligence as we know it, and we couldn’t be happier to be part of their board of directors,” he added.
Slintel was founded in 2018 when Deepak Anchala and Rahul bhattacharya realized that business organizations needed to reinvent their processes in order to achieve greater efficiency and scale faster. Identifying businesses using traditional and outdated metrics such as territory, size, industry, or similar businesses is an inefficient endeavor that costs marketing and sales professionals valuable time, resources, and effort. To combat this, they’ve built a platform that uncovers various forms of buying intelligence to make the process of identifying high-intention leads much simpler, more intuitive, and entirely data-driven.
For more product information, visit www.slintel.com.
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The Slintel team – June 2021
Slintel employees celebrate the announcement of the company’s Series A financing.