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LeanData closes Series B funding round led by Sapphire Ventures

Lead management company LeanData has received USD10 million in Series B funding led by Sapphire Ventures and joined by existing investors Shasta Ventures and Correlation Ventures.

The financing will help support new partnerships and expand the reach of LeanData's solution, which connects customers with the right sales reps at the right time.
 
"We have been tracking LeanData's progress the last few years, and it's clear that the company has developed a unique routing solution that solves a foundational challenge every business faces," says David Hartwig, a managing director at Sapphire Ventures. "Sapphire is focused on identifying innovative entrepreneurs and bringing our experience and global network to bear in helping them build category-defining businesses. This is another example of that philosophy as we invest in a LeanData team that is transforming how organisations manage their sales process."
 
As part of this investment, Hartwig will join the LeanData board of directors.
 
"We're thrilled that Sapphire not only wants us to invest in better products for our existing customers, but also help us share our solution with an even wider audience," says Evan Liang, who co-founded LeanData in 2012 with chief technical officer Kelvin Cheung. "Businesses are learning that smart lead management is crucial for success. Sapphire's investment is further validation that LeanData is an industry leader in helping companies achieve their goals."
 
"It has been amazing to watch the loyal following that LeanData has built with its customer base," says Ravi Mohan, managing director of Shasta Ventures, which led LeanData's Series A funding round in 2014. "We also have a great relationship with Sapphire. That's why we believe they are the ideal partner to help bring LeanData to the next level."

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