Apollo.io Receives Investment in Series D Financing Round

San Francisco-based Apollo.io has raised $100 million in a Series D funding round led by Bain Capital Ventures. This investment nearly doubled the company's valuation to $1.6 billion. In addition to Bain Capital Ventures, existing investors such as Sequoia Capital, Tribal Capital and Nexus Venture Partners participated in the financing round. Apollo.io is a sales intelligence and engagement platform that offers a suite of sales and marketing workflow tools. The company has seen significant growth in the last two years. Its revenue has also increased ninefold. It currently works with more than 500,000 companies.

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Apollo.io

One of the notable features of the Apollo.io platform is an AI-powered assistant tool that helps to send targeted and relevant emails to potential customers. This tool aims to improve engagement and increase the effectiveness of sales and marketing efforts. News of this funding comes at a time when sales technology investments have been relatively quiet in the US market. However, there are some exceptions, such as Spiff, a Utah-based sales tech startup that raised $50 million earlier this year. Apollo.io was founded in 2015. To date, it has raised more than $250 million in total funding. The company's success and recent funding round underscore the growing demand for sales intelligence and engagement platforms, especially at a time when companies are looking for ways to improve their sales and marketing efforts.

Apollo.io aims to simplify go-to-market solutions for businesses of all sizes with its suite of sales and marketing workflow tools, including an AI-powered assistant tool. This latest investment is a testament to the company's growth and potential in the sales technology industry.