Pipedrive Inc., a New York and Tallinn, Estonia-based sales pipeline software and CRM for businesses, closed a $50m Series C round funding.
The round, which brings total venture capital funding to date to $80m, was led by new investor Insight Venture Partners and existing investor Bessemer Venture Partners, with participation from existing investors Rembrandt Venture Partners and Atomico.
The company intends to use the funds to further expand its R&D, accelerate customer growth across its global presence, and explore strategic acquisitions.
Launched in 2010 and led by Timo Rein, CEO, Pipedrive sales CRM pipeline platform used by 75,000 customers in 170 countries, and across 100+ industries to manage their sales process. The solution delivers visibility and control over a sales pipeline and guides users to complete meaningful activities daily to push deals to close. Customers also benefit from a partner ecosystem with 100+ native integrations of popular business tools such as Google Apps, Trello, Zapier, MailChimp, Yesware and PandaDoc.
The company has newly opened offices in London and Lisbon.