Apollo.io, a San Francisco, CA-based provider of a go-to-market (GTM) solution for sales and marketing teams, raised $100 million in Series D funding, bringing its total funding to approximately $250 million while nearly doubling the valuation of the company at $1.6 billion.
The funding round was led by Bain Capital Ventures, with participation from Sequoia Capital, Tribe Capital, and Nexus Venture Partners.
Bain Capital Ventures (BCV) is a multi-stage VC firm investing across four core domains—fintech, application software, infrastructure, and commerce-tech. Leveraging the unique resources of Bain Capital, we deploy targeted support at every stage of the company-building journey. For over 20 years, BCV has helped launch and commercialize more than 400 companies.
Apollo.io Use of Series D Funds
The funding will be used to further accelerate the growth and development of Apollo.io's platform. The company plans to use the funds to expand its employee count, with the goal of more than doubling its workforce.
Additionally, the funding will support ongoing research and development efforts to enhance and evolve Apollo.io's platform.
Founded in 2015, Apollo.io is a go-to-market solution for revenue teams, trusted by over 500,000 companies and millions of users globally, from rapidly growing startups to some of the world's largest enterprises. Apollo.io provides sales and marketing teams with easy access to verified contact data for over 270 million B2B contacts, along with tools to engage and convert these contacts in one unified platform. By helping revenue professionals find the most accurate contact information and automating the outreach process, Apollo.io turns prospects into customers.
Company: ZenLeads Inc.
Round: Series D
Funding Month: August 2023
Lead Investors: Bain Capital Ventures
Additional Investors: Sequoia Capital, Tribe Capital, and Nexus Venture Partners
Company Website: https://www.apollo.io/
Software Category: Lead Generation Software