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Introhive Ventures Announces $100 Million Series C Funding Round
Amongst other things, Introhive raised $100 million in its series C funding circular. In this article, we will discuss some key takeaways from the funding circular and what to do next.
Introhive raises $100 million in a series C funding circular
Located in New Brunswick, Canada, Introhive has raised $100 million in a Series C funding round led by equity firm PSG. The company intends to use the funds to expand its engineering and sales team, as well as to expand its global footprint.
Introhive’s platform enables businesses to maximize relationship intelligence. It helps companies identify hidden revenue growth opportunities, and boosts contact data enrichment. It also automates manual work and provides actionable insights. It integrates with numerous systems.
The company has more than 300 employees, half of whom work in Canada. Its customers include PwC, Wilson Sonsini Goodrich & Rosati, Plante Moran, Clark Nexsen, and Colliers International. It has offices in the U.S., Canada, and Britain.
Introhive’s platform also helps companies to automate and optimize their workflows. It has an AI engine that maps contacts to identify relationships. The company claims it uncovers 350 additional contacts for every user. It also helps companies improve revenue and customer retention.
Introhive plans to use the new funding to expand its engineering and sales team and launch new products based on artificial intelligence. It also plans to list on the Nasdaq in the future.
The company’s current client base includes companies in technology, financial services, and professional services. It currently supports users in 90 countries. It plans to reach 400 employees by the end of the year. It is not yet disclosing its valuation. It is also actively recruiting for a CFO.
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