SalesPredict rakes in $4.1 mln

SalesPredict has raised $4.1 million in Series A funding. The investors included Yandex and KGC Capital. Headquartered outside Tel Aviv with an office in San Francisco, SalesPredict helps B2B firms increase revenues using predictive analytics.

PRESS RELEASE

SAN FRANCISCO, May 12, 2014 (BUSINESS WIRE) — SalesPredict, a SaaS technology provider that helps B2B companies increase revenues using predictive analytics, today announced it has received $4.1 million in Series A funding from Yandex, KGC Capital and existing investors. Yandex is one of the largest Internet companies in Europe and KGC Capital is the family office of Richard Kiphart, managed by Chris Capps. The funding round brings the company’s total capital investment to $5.3 million. SalesPredict will use the funding to expand its global sales and marketing presence to meet increasing demand.
“SalesPredict provides an innovative technology approach that helps B2B companies overcome one of their top barriers to growth: identifying the best sales prospects and moving them through the lead-to-revenue cycle quickly,” said Chris Capps, president and CEO of KGC Capital. “We invested in SalesPredict because we saw a great team with a solution that addresses a challenge that is discussed at the board level of many of our portfolio companies and is experienced by most B2B companies.”
By combining and analyzing prospect and customer data from a company’s CRM and marketing automation solutions, along with proprietary data sources, social media, and the open web, SalesPredict helps B2B companies uncover hidden “hot” leads, know which prospects are most likely to convert to sales, and gain insights that help close deals faster. Using proprietary predictive analytics algorithms, SalesPredict delivers insights that help sales, marketing and customer success teams have more impactful interactions with prospects and clients throughout the customer lifecycle and maximize revenue at every phase.
“We are thrilled to have the support of KGC Capital, Yandex, and participation from our existing investors so we can expand our global reach and help more B2B companies increase sales and improve their conversion rates,” said SalesPredict co-founder and CEO Yaron Zakai-Or. “SalesPredict is here to prove that you don’t need to hire an expensive team of data science consultants in order to gain actionable insights from your CRM and marketing automation data. Our customers love that they can install SalesPredict from the Salesforce.com AppExchange in about 10 minutes and it provides tangible business value within 24 hours.”
About SalesPredict
Founded in early 2012, SalesPredict helps companies increase revenues by identifying who their best potential prospects really are and providing information and purchase signal insights that accelerate sales cycles and improve conversion rates. How? Predictive analytics and big data. What can we say—we’re data geeks at heart, but we really understand B2B sales dynamics. The company is headquartered outside Tel Aviv and has a U.S. office in San Francisco. Learn more about SalesPredict at www.salespredict.com and follow @salespredict.com on Twitter.

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