Fundz

Closefactor Raises $15.2M To Automate Repetitive Sales Processes

PRIVATEJan 17, 2023

Amount Raised

$15.2 Million

Round Type

Funding Round

Palo AltoSoftwareData And AnalyticsScience And EngineeringArtificial IntelligenceSales And Marketing

Investors

Sequoia CapitalVertex VenturesZoom InfoZuoraSourcegraphChronosphereLaunch Darkly

Description

Several years ago, co-founders Leena Joshi, Ben Cheung and Erik Buchanan experienced frustration with the amount of manual work they were putting into collecting information about sales and marketing accounts. The tools in the market were focused solely on the collection of information, they say, instead of curating what was actually relevant, actionable and up to date.

Quick answer

CloseFactor raised $15.2 Million in a Funding Round round, dated January 17, 2023. Investors: Sequoia Capital, Vertex Ventures, Zoom Info, Zuora, Sourcegraph, Chronosphere and Launch Darkly. CloseFactor is based in Palo Alto, California, United States.

How much did CloseFactor raise?
CloseFactor raised $15.2 Million in a Funding Round round on January 17, 2023.
Who invested in CloseFactor?
Sequoia Capital, Vertex Ventures, Zoom Info, Zuora, Sourcegraph, Chronosphere and Launch Darkly are named as investors in this round.
What does CloseFactor do?
Improve productivity of sales teams with faster ramp times for new accounts, new reps and new territories.
Where is CloseFactor based and how big is it?
CloseFactor is based in Palo Alto, California, United States.

Source: Fundz verified event record.

Who else raised in Data And Analytics and Science And Engineering around the same time

Companies in the same sectors as CloseFactor that raised within 45 days of this round, from Fundz verified event records.

  • Hirelogic raised $6M (Series A) on February 22, 2023.
  • Fractal raised an undisclosed amount (Funding Round) on January 24, 2023.
  • Kewazo raised $10M (Funding Round) on January 23, 2023.
  • Rapid Silicon raised $30M (Series A) on January 9, 2023.
  • Dataiku raised $200M on December 13, 2022.
  • Cohere raised $1.1M on February 1, 2023.

Who to call at CloseFactor, and when

A new round usually means CloseFactor is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day CloseFactor raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at CloseFactor, from your own LinkedIn network

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Company Information

Company

CloseFactor

Location

Palo Alto, California, United States

About

Improve productivity of sales teams with faster ramp times for new accounts, new reps and new territories. Gain deeper insights into companies, without painstaking, laborious hours spent analyzing, reading and digesting the deluge of information. CloseFactor's cutting-edge technology harvests actionable and relevant information about companies from various disparate sources using natural language processing and information extraction techniques. With advanced machine learning techniques, we filter and map this information to your buying triggers and buyer personas, delivering live account maps so your teams can get the right actions in place at the right time. Company formerly called Ogmagod, Inc.

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Fundz sees it the moment CloseFactor raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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CloseFactor raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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