How Much Did Yesware Raise? Funding & Key Investors

Yesware has successfully raised funding over six rounds, with the latest being a Series C round. The company is backed by nine investors, including notable names like Shea Ventures and Google Ventures.

Keep reading to explore the intricacies of Yesware's fundraising journey and the investors backing this innovative sales engagement platform.

What Is Yesware?

Yesware is a sales engagement platform designed to streamline email outreach and engagement processes for sales teams. The company offers a comprehensive toolkit that includes features like email tracking, multi-channel campaigns, email templates, prospector, attachment tracking, meeting scheduler, and reporting & analytics.

Founded in Boston, Massachusetts, Yesware operates in various industries including analytics, CRM, email, enterprise software, internet, and software. The company has an employee count ranging from 51 to 100 and has been acquired by Vendasta. Yesware's tools are designed to integrate seamlessly with Gmail and Outlook, making it easier for sales professionals to manage their workflows and improve performance.

How Much Funding Has Yesware Raised?

1. Series C
   • Amount Raised: USD 15,000,000
   • Date: August 2018
   • Lead Investors: Foundry Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate investment in product innovation and development.
2. Series C
   • Amount Raised: USD 13,300,000
   • Date: June 2015
   • Lead Investors: Foundry Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance product features.
3. Series B
   • Amount Raised: USD 1,200,000
   • Date: November 2013
   • Lead Investors: Battery Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing product development and customer acquisition.
4. Series B
   • Amount Raised: USD 13,500,000
   • Date: September 2013
   • Lead Investors: Battery Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance sales capabilities.
5. Series A
   • Amount Raised: USD 4,000,000
   • Date: June 2012
   • Lead Investors: Ridge Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop core product features and expand the team.
6. Seed
   • Amount Raised: USD 50,000
   • Date: April 2011
   • Lead Investors: Techstars
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch the initial product and validate market fit.

Total Amount Raised: USD 47,050,000. Current Valuation: Not publicly disclosed.

Key Investors

• Foundry Group
  • Details: Foundry Group is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and long-term commitment to their portfolio companies.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: Fitbit, SendGrid, Zynga.
• Battery Ventures
  • Details: Battery Ventures is a global investment firm focused on technology sectors. They back companies at all stages of growth, from seed to buyout.
  • Investment Focus Areas: Software, IT infrastructure, consumer technology.
  • Notable Investments: Nutanix, Coupa Software, Glassdoor.
• Ridge Ventures
  • Details: Ridge Ventures is a venture capital firm that invests in early-stage enterprise software companies. They focus on helping startups scale and succeed.
  • Investment Focus Areas: Early-stage enterprise software companies.
  • Notable Investments: Fastly, Discord, Braze.
• Techstars
  • Details: Techstars is a seed accelerator that provides funding and mentorship to startups. They have a global network of mentors and investors.
  • Investment Focus Areas: Startups across various industries, with a focus on technology and innovation.
  • Notable Investments: SendGrid, Sphero, ClassPass.
• GV
  • Details: GV, formerly known as Google Ventures, is the venture capital arm of Alphabet Inc. They invest in various sectors including technology and life sciences.
  • Investment Focus Areas: Technology, life sciences, and other sectors.
  • Notable Investments: Uber, Slack, Medium.

What's Next for Yesware?

With a fresh $15 million in funding, Yesware is poised to accelerate its product innovation and development. The company aims to enhance its email productivity platform, integrating more deeply with tools like Gmail, Outlook, and Salesforce. This presents a significant opportunity to capture a larger market share in the growing sales enablement industry.

Future fundraising efforts may be on the horizon to support these ambitious goals. The appointment of Joel Stevenson as CEO, with his extensive experience in ecommerce and business sales, is expected to drive growth and open new avenues for expansion. However, Yesware will need to navigate challenges such as intense competition and the rapid pace of technological advancements to maintain its edge.

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