Singapore: Vertex Ventures backs $21m Series C in Israeli startup Leadspace

Team Leadspace. Photo: Leadspace website

Israel-based predictive marketing startup Leadspace Ltd. has raised $21 million in a Series C funding round led by Arrowroot Capital and existing investor Jerusalem Venture Partners (JVP). The round was also joined by return backers Battery Ventures and Vertex Ventures

Vertex Ventures is among a network of venture funds linked to Singapore’s state investor Temasek Holdings. Earlier this year, it closed a $210 million fund targeting India and Southeast Asia.

The current round brings the startup’s aggregate equity financing to $56 million. It had raised $17 million from Battery Ventures, Vertex, and JVP in 2011. The second round saw these three investors back it with an additional $18 million in 2015.

Founded in 2007 by Amnon Mishor and Yaron Karasik and then called Data Essence, Leadspace provides B2B audience management solutions to help businesses generate new leads and optimize business-facing marketing efforts. It lists Microsoft, Marketo, HP Enterprise, and Brocade among its clientele. Mishor stepped down from the CEO role in 2013 and assumed the post of CTO, with the CEO role currently filled by Doug Bewsher, formerly CMO at Skype and Salesforce.

Leadspace said the latest financing round will fund customer acquisition and further development of its audience management platform. It plans to hire developers for its Israel based team and expand its customer team in San Francisco and Denver. Currently, it employs around 90 staff across the US and Israel.

In an announcement, Arrowroot Capital managing partner Matthew Safaii said, “We believe AI is revolutionizing B2B Sales and Marketing as more and more companies are seeing the results. Leadspace has pioneered this space, built an unrivalled platform and won an incredible list of customers. We are excited to partner with the company on the next stage of its growth.”

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Singapore: Active.Ai raises $8.25m Series A led by Vertex Ventures

Singapore: Vertex Ventures backs $51m Series D in Israel’s Yotpo

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.