Mindtickle Raises $27 Million in Series B Funding

SUNNYVALE, Calif., Dec. 12, 2017 (GLOBE NEWSWIRE) — Mindtickle, a company revolutionizing how businesses prepare and train their sales teams, raised $27 million in Series B funding to accelerate product innovation and global expansion. Canaan Partners led the round, with participation from existing investors Accel Partners, New Enterprise Associates (NEA), and Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Mindtickle’s total amount raised is now $41.3 million.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4d3f5f6c-bce0-44f6-81bc-0b283435e200

Mindtickle is the most comprehensive, data-driven sales readiness platform in the market. The company offers a modern, mobile and engaging experience for onboarding, micro-learning, skills development and coaching – a purpose built platform that companies stuck with legacy learning management systems (LMS) have been waiting for.

“In today’s dynamic and highly competitive environment, companies need to prepare their sales teams like never before. Mindtickle’s comprehensive readiness platform enables companies to be at the forefront of sales excellence through its unique combination of gamification, automation, and a strong analytics framework for correlating learning and performance,” said Krishna Depura, co-founder and CEO of Mindtickle. “This additional funding will allow us to accelerate the vision we share with our customers for data-driven sales enablement.”

Companies such as Symantec, Phillips, Micro Focus, DexCom, Ola, Cloudera, and Nutanix use the platform to go to market faster, boost win rates, increase average deal sizes, and engage their teams in a learning experience that is both enjoyable and impactful.

“Sales Readiness is the single most important metric that every public company CEO is paying attention to and the best predictor of future performance,” said Joydeep Bhattacharyya, partner at Canaan Partners, who has joined Mindtickle’s board of directors. “Mindtickle is the leader in this new massive area of applications for sales teams, with tremendous customer adoption.”

This funding underscores the momentum Mindtickle has achieved in 2017, a year that’s closing with stellar additions to the executive team, exciting product innovation, solid partnerships, and accelerated revenue growth.

About Mindtickle
Mindtickle offers the industry’s most comprehensive readiness solution for closing the knowledge and skill gaps found in customer-facing teams. Sales teams across a wide range of industries use Mindtickle’s award-winning platform to train, coach, and align their sales teams to make reps and their managers more effective. Combining on-demand online training, bite-sized mobile updates, gamification, coaching and role-play with a data-driven approach, Mindtickle accelerates time-to-productivity, ensures consistent execution, and helps boost sales performance. Companies leveraging Mindtickle for sales enablement to assess and certify the readiness of each rep see bigger deal sizes, higher win rates and reduced sales cycles. Mindtickle is a global, privately-held company with headquarters in San Francisco, CA. Investors include NEA, Accel Partners, and Canaan Partners. For more information, please visit www.mindtickle.com.