Sales enablement platform MindTickle raises $100m led by SoftBank

MindTickle Founders.

MindTickle, a San Francisco and Bengaluru-based sales enablement platform, announced raising $100 million in a new financing round led by SoftBank Vision Fund 2.

The latest round, which is a combination of equity and debt financing, also saw the participation of existing investors namely Norwest Venture Partners, Canaan, NewView Capital, and Qualcomm, according to the announcement.

The round values the company at a reported $500 million, from about $250 million last year, when it raised $40 million in a Series C funding round led by Norwest Venture Partners.

MindTickle was founded by Mohit Garg, Krishna Depura, Deepak Diwakar, and Nishant Mungali in 2011. The company said it will use the fresh funding to accelerate its go-to-market activities and finance the expansion of its global operations.

Leveraging AI and machine learning engines, MindTickle provides data-driven solutions for sales readiness and enablement to dozens of Fortune 500, Global 2000 companies, and hundreds of other firms worldwide. These firms use MindTickle to drive programs, such as onboarding, ongoing learning, role-playing, upskilling, and coaching.

“Our mission is to help companies transform the capabilities and behaviors of their teams to generate a meaningful, measurable impact on their revenue and brand,” said Krishna Depura, the company’s co-founder and CEO.

Depura added that MindTickle has witnessed strong demand for its services as customers become increasingly demanding and remote work becomes more common, prompting organisations to reskill and upskill their workers.

With the fresh funding, MindTickle is developing new product features and further expand the US, one of its key markets, and in Europe.

Meanwhile, SoftBank said its investment in MindTickle comes at a time when it sees a paradgim shift in sales readiness as enterprises face the new reality of hybrid-remote work.

“We have been impressed by MindTickle’s vision of closing the capability loop and bringing deep insights and actionable intelligence to revenue and business leaders,” said Munish Varma, managing partner at SoftBank Investment Advisers.

Last year, MindTickle secured $40 million in a Series C funding round led by Norwest Venture Partners with participation from Accel Partners, Canaan, NewView Capital, a spinout of New Enterprise Associates, and Qualcomm Ventures LLC.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.