SalesHood Announces Arjun Gupta As Chairman of The Board and Closes Funding
San Francisco, California (PRWEB) May 03, 2017 -- SalesHood, the leading sales productivity platform, announces the closing of its Series A funding to scale its go-to-market and accelerate its product vision. The round is lead by TeleSoft Partners and private investors.
Elay Cohen, former Senior Vice President, Sales Productivity from Salesforce and Arthur Do, Fortify Founder and Chief Architect (acquired by HP) and Vice President, Engineering at Echosign (acquired by Adobe), founded SalesHood to help companies boost sales productivity by improving knowledge and tracking effectiveness with modern technology. “We bootstrapped SalesHood in May 2013 because we wanted to create a real business solving real productivity problems,” said Elay Cohen CEO, SalesHood. The company is cash-flow positive and growing revenue 90% year over year.
Arjun Gupta, Founder, Managing Partner and Chief Believer of Telesoft, is appointed Chairman of the Board at SalesHood joining Lindsey Armstrong, COO InsideSales, Arthur Do, CTO and Elay Cohen, CEO. “The moment I learned about the SalesHood vision for next generation sales productivity, I knew we had a game-changing company with a highly differentiated technology and a winning team,” says Arjun Gupta.
“Raising sales productivity is the holy grail for sales leaders. SalesHood helps companies grow pipeline faster, improve close rates, accelerate ramp times and increase attainment,” shares Lindsey Armstrong. With over 20,000 paying subscribers and 100 customers, companies are doubling win rates, increasing deal sizes by 110%, improving time to ramp by 70%, improving time to close by 30% and reducing rep churn by 20%. “I worked closely with Elay at Salesforce and InsideSales and I’ve seen first hand how SalesHood quickly creates value for companies and the industry,” says Jim Steele, President and Chief Revenue Officer at Yext.
About TeleSoft Partners
TeleSoft Partners is a special situations venture capital firm founded by Arjun Gupta in 1996. It focuses on multi-stage venture investments in information technology, communications and energy value chain companies. TeleSoft has raised capital commitments of $625 million in multiple funds. TeleSoft is typically a contrarian investor taking a lead or co-lead role as an operational value-added partner. Over the last two decades, Telesoft has funded and helped build 61 companies, resulting in 41 mergers, acquisitions, and IPOs to date. TeleSoft’s strategic partnerships include AllTel/Verizon, AON, Deutsche Telekom’s T-Ventures and Intel Capital. In 1995, Arjun and Marc Benioff traveled to India together, and Arjun was a private investor in Salesforce. Visit http://telesoftvc.com/ to learn more.
About SalesHood
SalesHood helps companies accelerate sales productivity by improving knowledge, sharing content, tracking effectiveness and reinforcing best practices. SalesHood has deep expertise in sales enablement proven to deliver productivity results by figuring out how to engage reps in peer-to-peer sharing and front-line managers in real-time coaching. The proven SalesHood mobile platform uses video, bite-sized content and social learning to increase attainment and time to revenue. SalesHood has more than one hundred customers, thousands of teams and over twenty thousand paying subscribers from Alteryx, Apttus, Bloom Energy, Docusign, Domo, Host Analytics, FinancialForce, InsideSales, Intacct, NewRelic, Ring Central, ServiceMax, Sonatype, Telogis, Zuora and many more. Join SalesHood today. For more information about SalesHood and to sign up please visit http://www.saleshood.com.
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PR, SalesHood Inc., http://saleshood.com, +1 7149054824, [email protected]
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