Lead optimization developer Outreach closes a $9.2 million financing round

XDATA – October 27th 2015
Outreach successfully completed a $9.2 million non-brokered equity financing round. A total of eight investors started to subscribe to the round a couple of months ago. The company closed four previous unregistered private placements which raised an estimated $4.11 million.
Outreach markets and develops a sales automation platform that empowers sales teams with intelligent marketing tools to engage customers and close more business. The cloud-based platform automates and personalizes communication to help sales teams touch every lead, opportunity, and customer with the right content at the right time. Investors include MHS Capital, Floodgate, Version One Ventures, Sarah Imbach, and Ellen Levy.
The company, headquartered in Seattle WA, is led by Manuel Medina (CEO). Outreach elected to keep its revenues undisclosed.
The executive team includes Andrew Kinzer, Gordon Leland Hempton and Wesley Hather.
The board of directors includes Rajeev Batra and Vijay Nagappan.

The company has raised an estimated total of $13.19 million via private unregistered security offerings.

Outreach is registered under the name ComponentLab.

Offering recap
Status: Completed
Company: Outreach
Industry: Other Technology
Amount offered: $9.2 million
Amount placed: $9.08 million
SEC filing: Source
First sale: 08-25-2015
Data as of: 10-27-2015


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