ON24, a San Francisco, CA-based webinar marketing platform, received a $25m investment from Goldman Sachs’ Private Capital Investing.
In conjunction with the funding, Holger Staude, Vice President in Goldman Sachs’ Private Capital Investing Group, will join ON24’s Board of Directors.
The company will use the funds to accelerate both domestic and international expansion as well as enhance the capabilities of its platform.
Led by Sharat Sharan, CEO and Co-Founder, ON24 provides a cloud-based webinar marketing platform for demand generation, lead qualification, and customer engagement. The solution allows companies of all sizes to deliver live and on-demand webinars, and get access to analytics. It integrates with all marketing automation and CRM platforms.
The company currently serves more than 1,500 customers including IBM, CA Technologies, Merck, JPMorgan Chase, Credit Suisse and SAP supporting more than 60,000 webcasts in 2015. This year, it forecasts to deliver more than 100,000 webcasts.