Bangalore-based sales execution, automation and predictive analytics platform LeadSquared, has secured USD 3 Million in Series-A funding from Stakeboat Capital. Jyoti Bansal, an existing investor in the company, and the founder of AppDynamics and Harness.io have participated in this round again. LeadSquared plans to utilize the funding for the expansion of its operations and customer acquisition globally.
Commenting on the investment, Nilesh Patel, CEO of LeadSquared, said, "The funding comes right in time to propel our global expansion plans to action. We have lately been seeing an outpour in interest from US, South East Asian and Middle Eastern markets, and we plan to invest more in the regions so the timing couldn't have been better."
Chandrasekar Kandasamy, Managing Partner of Stakeboat Capital said, "We are excited to be part of LeadSquared's journey to excel as a sales execution platform. They have had exceptional success in the Indian market and are well poised to succeed in global markets. We look forward to working with the team and helping them grow as a global provider of SaaS solutions."
(With inputs from agencies.)