Sales enablement platform MindTickle raises $40m led by Norwest

MindTickle Founders.

San Francisco and Bengaluru-based MindTickle, a sales enablement platform, has secured $40 million in a Series C funding round led by new investor Norwest Venture Partners, the company announced on Monday.

The round also saw participation from all existing investors including Accel Partners, Canaan, NewView Capital, a spinout of New Enterprise Associates, and Qualcomm Ventures LLC.

This round brings MindTickle’s total funding raised to over $81 million, said a company statement.

As part of the deal, Scott Beechuk, partner at Norwest Venture Partners and former senior vice-president of Product Management at Salesforce Service Cloud, will join MindTickle’s Board of Directors, the statement added.

“Our Series C funding will fuel our strategic, long term growth plans while supporting on-going investment in our expanding products and services,” said Krishna Depura, co-founder and CEO of MindTickle.

MindTickle was founded by Mohit Garg, Krishna Depura, Deepak Diwakar, and Nishant Mungali in 2011. The company said that it is expanding its Fortune 500 and Global 2000 customer base by 200 per cent and increasing annual recurring revenue by more than 100 per cent year over year.

The company also recently hired Jeff Santelices as Chief Revenue Officer. In addition, it has expanded its sales leadership team with the two additional hires of Ahmed Hedayat and Dan Coady. Hedayat has joined as regional vice-president of enterprise sales, West and APAC, while Coady has joined as regional vice-president of enterprise sales, East.

“MindTickle is successfully confronting one of the most complex issues facing today’s organizations — the ability to train and upskill customer-facing employees,” said Scott Beechuk, partner at Norwest Venture Partners.