Apollo.io, a sales intelligence platform, for B2B businesses, has recently reached unicorn status after securing $100 million in Series D funding. This funding round led by Bain Capital Ventures and supported by Sequoia Capital and other investors has boosted Apollo.io’s valuation to $1.6 billion.
San Francisco-based Apollo.io, a B2B sales intelligence and engagement platform, with operations in India has achieved status by securing $100 million in its Series D funding round.
The funding was led by Bain Capital Ventures (BCV). Values the company at $1.6 billion. Notably Sequoia Capital, Tribe Capital, and Nexus Venture Partners also participated in this financing round. With this investment, Apollo.io’s total funding now stands at $250 million.
The company intends to use the funds to increase its workforce as it continues to develop its go-to-market (GTM) strategy. Furthermore, Apollo.io had previously announced plans to invest $30 million in India over two years to establish a research and development (R&D) hub.
This recent funding comes one year after Apollo.io raised $110 million in its Series C round with participation, from Sequoia Capital, Tribe Capital, Nexus Venture Partners, and NewView Capital.
“In line, with our mission to make notch go-to-market solutions easy and accessible for everyone we have seen growth in our product despite the uncertain economic times,” said Tim Zheng, one of the co-founders and the CEO of Apollo.
Established in 2015 Apollo.io offers sales and marketing teams access to data for more than 270 million B2B contacts. Moreover, it provides tools on an integrated platform that aids in engaging and converting these contacts.
The company claims a revenue growth of 9 times over the two years. Currently, it caters to over 3 million go-to-market professionals at more than 500,000 companies ranging from startups to corporations such, as Qualtrics, Customer.io, and Census.
