Total amount raised
$54.4 Millions
Latest funding date
05/01/2021
Location
Chili Piper has successfully raised funding through multiple rounds, with its most recent Series B round led by Tiger Global. The company offers a demand conversion platform designed to optimize the scheduling, routing, and qualifying of meetings from various channels.
Keep reading to explore the intricacies of Chili Piper's fundraising journey and the investors backing this innovative platform.
What Is Chili Piper?
Chili Piper, founded in 2016, is a Brooklyn-based company specializing in meeting lifecycle automation. The platform helps revenue teams increase conversion rates through automated scheduling tools.
Founded by Alina Vandenberghe, Ivan Diachenko, and Nicolas Vandenberghe, Chili Piper offers products like Form Concierge, Distro, Handoff, Concierge Live, and Instant Booker to streamline lead qualification and scheduling.
With a team of 101-250 employees, Chili Piper continues to innovate in the demand conversion space, optimizing the process of qualifying, routing, and scheduling meetings from various channels.
How Much Funding Has Chili Piper Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Nicolas Moreau
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop the initial product.
- Debt Financing
- Amount Raised: $350K
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
- Seed Round
- Amount Raised: $3M
- Date: April 2019
- Lead Investors: Flashpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate market entry.
- Series A
- Amount Raised: $18M
- Date: August 2020
- Lead Investors: Base10 Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: $33M
- Date: April 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market share.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $54.35M
Current Valuation: Not publicly disclosed
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on public and private companies in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Base10 Partners
- Details: Base10 Partners is a venture capital firm that invests in early-stage technology companies, focusing on automation and the future of work.
- Investment Focus Areas: Automation, real economy, technology
- Notable Investments: The Pill Club, Popmenu, Turing
- Flashpoint
- Details: Flashpoint is a venture capital firm focused on early-stage investments in technology companies.
- Investment Focus Areas: Technology, early-stage, innovation
- Notable Investments: Guesty, Shazam, Chess.com
- Gradient Ventures
- Details: Gradient Ventures is Google’s AI-focused venture capital fund that invests in early-stage startups using artificial intelligence.
- Investment Focus Areas: Artificial intelligence, early-stage startups
- Notable Investments: Algorithmia, Labelbox, Luminai
- Nicolas Moreau
- Details: Nicolas Moreau is an angel investor with a focus on technology startups.
- Investment Focus Areas: Technology, startups, innovation
- Notable Investments: Not publicly disclosed
What's Next for Chili Piper?
Chili Piper stands at the cusp of significant growth opportunities, driven by the increasing demand for SaaS solutions that streamline sales and lead conversion processes. With the recent $33 million Series B funding, the company is poised to accelerate product development and expand its market reach, leveraging the remote work trend to attract more users.
Future fundraising opportunities seem promising, given the company's growth trajectory and the successful Series B round. However, challenges such as competition from established players like Calendly and maintaining customer satisfaction as the company scales could pose hurdles. Ensuring data security and adapting to rapidly changing market demands will be crucial for sustained success.
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