Outreach was founded in 1996 by Andrew Kinzer, Gordon Hempton, Manuel Medina, and Wes Hather. When asked about a potential IPO, CEO Medina said "we don’t have a timeline, but [the new funding] allows us to do it right, to think about public life at our own rate." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Outreach is a sales intelligence software platform. Medina reports that the company, based in Seattle with offices in three countries, has "well north of $100 million in annual revenue." Since 2018, Outreach has acquired Sales Hacker, Sameplan, and Canopy. The company has raised $489 million in venture capital funding from investors including Sequoia, Tiger Global, Vista Equity Partners, Salesforce Ventures, DFJ Growth, Mayfield Fund, Trinity Ventures, Sands Capital, and Lone Pine Capital. The latest round of funding brought in $200 million and increased Outreach's valuation to $4.2 billion — more than three triple its valuation from the previous year.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/27/2021 | Series G | $201.03MM | $xx.xx | $4.44B | Dfj Growth, Lone Pine Capital, Mayfield, Premji Invest, Salesforce Ventures, Sands Capital, Sequoia Capital, Steadfast Capital Ventures, Tiger Global Management, Trinity Ventures, Vista Public Strategies | |
Price per Share
$xx.xx
Shares Outstanding
6,868,710
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dfj Growth, Lone Pine Capital, Mayfield, Premji Invest, Salesforce Ventures, Sands Capital, Sequoia Capital, Steadfast Capital Ventures, Tiger Global Management, Trinity Ventures, Vista Public Strategies
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06/17/2020 | Series F | $50MM | $xx.xx | $1.34B | Lone Pine Capital, Mayfield, Meritech Capital Partners, Operator Collective, Salesforce Ventures, Sands Capital, Sapphire Ventures, Spark Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,086,687
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lone Pine Capital, Mayfield, Meritech Capital Partners, Operator Collective, Salesforce Ventures, Sands Capital, Sapphire Ventures, Spark Capital, Trinity Ventures
|
||||||
04/16/2019 | Series E | $113.73MM | $xx.xx | $1.1B | Dfj Growth, Four Rivers Group, Lemonade Capital, Lone Pine Capital, M12, Mayfield, Meritech Capital Partners, Sapphire Ventures, Spark Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,385,662
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dfj Growth, Four Rivers Group, Lemonade Capital, Lone Pine Capital, M12, Mayfield, Meritech Capital Partners, Sapphire Ventures, Spark Capital, Trinity Ventures
|
||||||
05/21/2018 | Series D | $65MM | $xx.xx | $515MM | Calterra Capital, Dfj Growth, M12, Mayfield Fund, Mhs Capital, Sapphire Ventures, Spark Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
13,023,351
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Calterra Capital, Dfj Growth, M12, Mayfield Fund, Mhs Capital, Sapphire Ventures, Spark Capital, Trinity Ventures
|
||||||
05/12/2017 | Series C | $30MM | $xx.xx | $200MM | Dfj Growth, Four Rivers Group, M12, Mayfield Fund, Mhs Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,439,848
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dfj Growth, Four Rivers Group, M12, Mayfield Fund, Mhs Capital, Trinity Ventures
|
||||||
06/22/2016 | Series B | $17.36MM | $xx.xx | $86.12MM | Floodgate Fund, M12, Mayfield Fund, Mhs Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
15,151,893
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Floodgate Fund, M12, Mayfield Fund, Mhs Capital, Trinity Ventures
|
||||||
10/27/2015 | Series A | $9.2MM | $xx.xx | $32.72MM | Floodgate Fund, Mayfield Fund, Mhs Capital | |
Price per Share
$xx.xx
Shares Outstanding
14,276,846
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Floodgate Fund, Mayfield Fund, Mhs Capital
|
||||||
05/03/2015 | Series Seed-1 | $2.72MM | $xx.xx | $7.28MM | Floodgate Fund, Founders' Co-Op, Mhs Capital, Techstars, Version One Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,829,343
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Floodgate Fund, Founders' Co-Op, Mhs Capital, Techstars, Version One Ventures
|
||||||
11/01/2012 | Series Seed | $1.82MM | $xx.xx | $5.6MM | Founders' Co-Op, Three Point Group | |
Price per Share
$xx.xx
Shares Outstanding
5,843,782
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Founders' Co-Op, Three Point Group
|