27 April, 2021

A Message from Our Founders: The Significance of Our Series A Funding Announcement

Announcements, Enterprise Sales, Executive Insights

Anand Shah and Alex Barrett

 

When we started Databook four years ago, our mission was to build real-world insights that would empower every enterprise seller. Today, we’re proud to say that mission is coming to life as we announce a $16M Series A funding round led by M12 – Microsoft’s Venture Fund, along with Salesforce Ventures and existing investors.

This funding announcement is particularly significant because it enables us to extend our partnerships with the world’s leading CRM companies, Microsoft and Salesforce. Over the last couple of years, we have been working with these two powerhouses to support their go-to-market motions in both existing and net-new accounts, with results showing critical growth in revenue acquisition. Now, in addition to using Databook internally, they are also investing in us to help accelerate our system of intelligence and product integrations. We are truly humbled by the trust these companies have put into our product.

Furthermore, we are excited that M12 Managing Director Tamara Steffens will be joining our board as we look to expedite our go-to-market efforts and continue scaling out the business. Tamara will be joining Josh Stein, who led our Seed round last January. As an investor, Tamara has a founder-centric mindset, and her prior experience in go-to-market roles is particularly relevant for our enterprise motion.

All that said, we believe we’re just scratching the surface. Databook grew 3x over the last year, as remote work highlighted the undeniable connection between anticipating customer needs and increasing sales productivity. With this funding round, we’re positioned to continue that growth in a variety of ways. We will be doubling the size of our team in the coming year and investing significantly into our product innovation and our customer experience. Our product roadmap will be keenly focused on deepening our real-world insights through expanding the use of AI and creating improved workflow and product integrations. Together, these developments will make Databook an even easier and more seamless tool that enterprise go-to-market teams can use to accelerate revenue growth.

Last but not least, we are very thankful to all of the customers, employees and investors who have had faith in our value proposition. We are proud to be working with these pioneers to accelerate growth at some of the largest and fastest growing companies in the world.

Respectfully,

Anand & Alex