Redpoint Ventures leads $40 mln round for RelateIQ

According to a company spokesperson, RelateIQ has raised $40 million in Series C funding. Redpoint Ventures led the round with participation from Kleiner Perkins Caufield & Byers and return backers Accel Partners and Formation 8. The funding gives the company a more than $200 million valuation. Headquartered in Palo Alto, Calif., RelateIQ is a provider of solutions that improve business relationships.