Qstream, a Burlington, Massachusetts-based provider of mobile sales solutions and analytics, secured $4m in Series A funding.
The funds represent the second tranche of a $6.85m Series A financing, which includes $2.85m closed in September 2013 (read here). This new round was led by Excel Venture Management with participation from existing backers Frontline Ventures and Launchpad Venture Group. In conjunction with the funding, Gaye Bok, venture partner at Excel Venture Management, joined Qstream’s board of directors.
The company intends to use the funds to accelerate its expansion in the estimated $2 billion predictive analytics sector.
Led by Duncan Lennox, CEO and Co-Founder, Qstream provides brands with a mobile enterprise application for managing the human side of sales acceleration. Developed at Harvard, Qstream’s neuroscientific approach has been validated in more than 20 clinical trials to boost performance and change on-the-job behaviors. Available in 12 languages, the SaaS platform is deployed at scale in both mobile and desktop environments and is used by eight of the world’s top 10 pharmaceutical firms in addition to a number of market leaders in technology, financial services and health care.