Lusha, a Tel Aviv, Israel-based crowdsourced data community for B2B sales and marketing professionals, announced that it raised $205 million in a Series B funding round, which values the company at $1.5 billion and achieving unicorn status.
The round was led by PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies, with additional investment by ION Crossover Partners, bringing total investment in the company to $245 million.
With these funds, Lusha plans to grow its 800,000 strong community of B2B sales professionals into the industry's largest, by expanding its global presence and continuing to improve its data quality and ease of use.
Company: Lusha Systems Inc.
Raised: $205.0M
Round: Series B
Funding Month: November 2021
Lead Investors: PSG
Additional Investors: ION Crossover Partners
Company Website: https://www.lusha.com/
Software Category: Crowdsourced data community and sales intelligence platform
About the Company: Lusha is a crowdsourced data community and sales intelligence platform which empowers B2B sales professionals to identify, engage and close qualified prospects thanks to accurate and accessible data. Lusha recommends relevant prospects and organizations, eliminating cumbersome research and allowing salespeople to focus on selling. Lusha's community approach ensures that salespeople from organizations of all sizes have access to accurate sales data. Lusha's community has expanded to nearly 800,000 sales professionals and 273,000 sales organizations including Facebook, Google, Dropbox, and Uber. Lusha was founded in 2016 by Assaf Eisenstein and Yoni Tserruya and is headquartered in Tel Aviv, Israel.
Source: https://www.prnewswire.com/news-releases/lusha-reaches-1-5-billion-valuation-with-205-million-funding-to-build-the-largest-crowd-sourced-data-community-for-salespeople-301420862.html