The company was last valued at $84.3M in April 2021. Here are the top-line bullets you need to know.
Databook, a provider of sales prospect intelligence software, has raised $50M in a Series B. The round drew participation from Bessemer Venture Partners, M12, and Salesforce Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Databook enables enterprise sales teams to access data-driven insights and enhance performance.
- Databook claims that its software helps clients to grow their pipelines by 3x, generate 2.5x larger deals, and speed up cycle times by 1.5x.
- The startup has experienced 4 consecutive years of 300% growth. Databook’s revenue came in at $2.4M in FY’21.
- The company’s client base of 48 generates over $300B in revenue annually. Salesforce, Microsoft, and Databricks are included among its client base.
- The firm’s headcount has doubled since April 2021.
Source: Databook
WHY DOES THE MARKET MATTER?
- The global sales enablement platform market is expected to reach a value of $7.3B by 2028, growing at a CAGR of 19.14%, according to Verified Market Research.
- The increased focus on sales efficiency amid the rush to digitize sales operations has contributed to market growth.
- The advancement of AI and ML technologies has also contributed to market growth.
