Total amount raised
$47.1 Millions
Latest funding date
08/01/2018
Location
Yesware has successfully raised multiple rounds of funding, with the last being a Series C round closed on August 8, 2018. The company has attracted nine investors, including notable names like Shea Ventures and Google Ventures.
Acquired by Vendasta on October 17, 2022, Yesware continues to offer a comprehensive toolkit for sales professionals. Keep reading to explore the intricacies of Yesware's fundraising journey and the investors backing this innovative platform.
What Is Yesware?
Founded on July 1, 2010, Yesware is a company based in Boston, Massachusetts, specializing in analytics, CRM, email, enterprise software, internet, and software. The company was established by Cashman Andrus, Matthew Bellows, and Rajat Bhargava.
Yesware offers a comprehensive toolkit for sales professionals, helping them prospect, schedule meetings, and follow up. With a team of 51-100 employees, the platform integrates with Outlook and Gmail, providing features like email tracking, multi-channel campaigns, and reporting & analytics. Yesware aims to enhance the sales experience for both small businesses and large enterprises.
How Much Funding Has Yesware Raised?
- Series C
- Amount Raised: $15M
- Date: August 8, 2018
- Lead Investors: Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Accelerate investment in product innovation and development.
- Series C
- Amount Raised: $13.3M
- Date: June 11, 2015
- Lead Investors: Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhance platform capabilities and expand market reach.
- Series B
- Amount Raised: $1.2M
- Date: November 15, 2013
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support ongoing product development and customer acquisition.
- Series B
- Amount Raised: $13.5M
- Date: September 18, 2013
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scale operations and enhance product features.
- Series A
- Amount Raised: $4M
- Date: June 20, 2012
- Lead Investors: Ridge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Develop core product and expand initial customer base.
- Seed Round
- Amount Raised: $50K
- Date: April 5, 2011
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Kickstart the company and build the initial product prototype.
Total Amount Raised: $47.05M. Current Valuation: Not publicly disclosed.
Key Investors
- Foundry Group
- Details: Foundry Group is a venture capital firm focused on early-stage investments. They have a strong presence in the technology sector.
- Investment Focus Areas: Technology, Software, Consumer Internet
- Notable Investments: Fitbit, SendGrid, Zynga
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They invest in companies at all stages of growth.
- Investment Focus Areas: Software, Enterprise IT, Industrial Technology
- Notable Investments: Nutanix, Coupa Software, Glassdoor
- Ridge Ventures
- Details: Ridge Ventures is a venture capital firm investing in early-stage companies. They focus on helping startups scale.
- Investment Focus Areas: SaaS, Enterprise Software, Infrastructure
- Notable Investments: Fastly, Discord, Krux
- Techstars
- Details: Techstars is a seed accelerator that provides mentorship and funding. They support startups through their accelerator programs.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: Sphero, SendGrid, ClassPass
- GV
- Details: GV, formerly known as Google Ventures, is the venture capital arm of Alphabet Inc. They invest in a wide range of industries.
- Investment Focus Areas: Life Sciences, Artificial Intelligence, Robotics
- Notable Investments: Uber, Slack, Nest
What's Next for Yesware?
With a fresh $15 million in funding, Yesware is poised to accelerate its product innovation and development. The appointment of Joel Stevenson as CEO brings a wealth of experience in ecommerce and business sales, setting the stage for significant growth opportunities. The company aims to expand its platform capabilities and integrations, enhancing sales productivity tools for sales teams.
Future fundraising opportunities seem promising, given the strong backing from investors like Foundry Group, Battery Ventures, and GV. However, Yesware will need to navigate challenges such as competition from other email productivity and CRM tools and keeping up with rapid technological advancements. The company's ability to seamlessly integrate with various email and CRM platforms will be crucial for its continued success.
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