Sales enablement platform Highspot raised $248 million in Series F funding, bringing its total valuation to $3.5 billion. New investors B Capital Group and D1 Capital Partners led the round with participation from existing investors ICONIQ Growth, Madrona Venture Group, Salesforce Ventures, Sapphire and Tiger Global Management.
Highspot seeks to improve the way people work with a natively built sales enablement platform that helps companies drive consistent revenue growth. Its overall goal is to help customers increase individual rep performance and retain top talent across their teams.
As the company expects to grow by more than 500 employees in the next 12 months, it plans to use the funding to deepen investments across its business as it expands globally, accelerates product development and continues to create a thriving company culture.
"Transforming the way millions of people work is more than a phrase — it's our goal every day," said Robert Wahbe, CEO of Highspot, in a statement. "To deliver a product millions of people love, we must continuously cultivate a workplace that energizes, inspires and supports our people to be their full selves and do their best work. Our focus has driven spectacular growth and the best part is, we're just getting started."