Pipedrive, a CRM and sales tool, raises $50M to take on Salesforce and Microsoft

Pipedrive, a CRM and sales tool, raises $50M to take on Salesforce and Microsoft

6 years ago
Anonymous $roN-uuAfLt

https://techcrunch.com/2018/06/14/pipedrive-a-crm-and-sales-tool-raises-50m-to-take-on-salesforce-and-microsoft/

While Salesforce and Microsoft have a dominant position in the world of sales software today, there are a number of startups nipping at their heels, and today one of the more promising of them has announced a growth round to help them in the effort. Pipedrive, a startup co-headquartered in Estonia and New York that offers tools to salespeople to help them close deals that are still in their pipeline, has picked up $50 million to expand its product, develop its business globally and potentially make acquisitions in the CRM space.

The Series C round was co-led by new investor Insight Venture Partners and Bessemer Venture Partners, with participation also from Rembrandt Venture Partners and Atomico (which itself has Estonian roots: Atomico’s founder, Niklas Zennstrom, was the co-founder of Skype, which developed and built the core IP voice and messaging product in the country). It brings the total raised by Pipedrive to $80 million.

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