MOUNTAIN VIEW, Calif.,
June 10, 2021 /PRNewswire/
-- Slintel, a leader in B2B buyer intelligence, has raised
$20 million in Series A funding led
by GGV Capital, a global venture capital firm that is known for its
investments in successful companies 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 funding round.
B2B buyers today are more digital than ever, and buyer
intelligence is taking over traditional sales and marketing
intelligence as buyers embark on complex journeys online. It is
estimated that by 2025, 80% of all B2B buying will occur on digital
channels. Slintel helps go-to-market teams understand where buyers
are in their journey, what their pain points are, their adoption of
technology, and churn data to get a 360-degree view of the
buyer.
The announcement comes shortly after the company reported that
its revenue and customer base has grown by over 5x in the last 12
months. Buying intent is the fastest-growing category in the
$24 billion sales and marketing
intelligence space, and Slintel is one of the fastest-growing
companies in this space.
With the backing of GGV Capital, the company aims to establish
itself as a leader in this category. "The Slintel team is delighted
to welcome Hans Tung as its newest
board member," said Deepak Anchala, CEO and Founder of Slintel. "We
look forward to deepening our solution to power-use cases across
different GTM functions."
Hans Tung, Managing Partner at
GGV Capital, was ranked at #3 in Forbes' prestigious Midas
List this year for the strides he made in the strategic
investments landscape in 2020. When asked about the investment,
Hans stated, "With the global pandemic completely changing the way
companies operate, B2B transactions have gone more digital than
ever before. Inside sales teams are closing high-value,
multi-million dollar deals while working remotely, and products
like Slintel are enabling companies to do this by helping them
re-imagine their entire sales process for today's environment."
"The next big wave in the enterprise space is (the) use of AI to
rethink processes, and all AI at its core requires data," said
Alok Goyal, Partner at Stellaris
Venture Partners. "I am therefore bullish on the entire data stack,
including data which is either proprietary or inferred data that is
not easy to replicate. Slintel is in the second category. Their
ability to predict strong prospects is a relatively unique
capability, and it is very easy to sell due to a direct correlation
to (the) top line for their customers."
"Slintel has one of the best GTM engines that we've seen in any
startup, and the consistency with which the team has been able to
deliver on their growth targets is commendable," said Prayank
Swaroop, Partner at Accel. "We're looking at a company that's
changing the marketing and sales intelligence sphere as we know it,
and we couldn't be happier to be a part of their board," he
added.
Slintel was founded in 2018 when Deepak Anchala and Rahul Bhattacharya realized that sales
organizations needed to re-imagine their processes in order to
achieve better efficiency and scale faster. Identifying companies
using traditional, beaten-down parameters such as territory, size,
industry, or similar companies is an inefficient undertaking that
costs marketing and sales professionals valuable time, resources,
and effort. To combat this, they built a platform that uncovers
various forms of buying intelligence to make the process of
identifying high-intent prospects much simpler, more intuitive, and
completely data-driven.
For more information on the product, visit www.slintel.com.
Press Contacts
Rahul Agarwal
rahul.agarwal@slintel.com
+91 953 550 0544
Related Images
the-slintel-team-june-2021.jpg
The Slintel Team - June
2021
Employees of Slintel celebrate the company's Series A funding
announcement.
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SOURCE Slintel