O’Melveny has represented MindTickle, a specialist in Sales Readiness technology, in a successful USD100 million combination of equity and debt financing, led by Softbank Vision Fund 2 to prepare customer-facing employees everywhere to drive revenue growth. Existing investors, Norwest Venture Partners, Canaan, NewView Capital, and Qualcomm Ventures also participated in the round.
The funding will be used to accelerate MindTickle’s go-to-market activities and expansion of global operations while advancing investments in product innovation to close the loop on customer-facing readiness and in-field execution.
MindTickle’s SaaS platform enables enterprises to ready their customer-facing teams for the “moment of truth” – when they interact with their customers. Organisations use MindTickle to drive programs, such as onboarding, ongoing learning, role-playing, up-skilling, and coaching to ensure that all customer-facing employees have the right capabilities and behaviours needed to drive revenue growth. With MindTickle, more than 200 enterprises, including more than 40 of the Fortune 500 and Forbes Global 2000, have achieved significant, measurable improvement in revenue metrics, such as ramp time, quota attainment, and win rate.
The Silicon Valley-based O’Melveny deal team was led by partner David Makarechian, Chair of the firm’s Emerging Technologies Group and included associates Bhavreet Singh Gill and Jennie Carpel.
