SalesPredict, a SaaS technology provider that helps B2B
companies increase revenues using predictive analytics, today announced it has received $4.1
million in Series A funding from Yandex, KGC Capital and existing investors. Yandex (NASDAQ:
YNDX) is one of the largest Internet companies in Europe and KGC Capital is the family office
of Richard Kiphart, managed by Chris Capps. The funding round brings the company’s total
capital investment to $5.3 million. SalesPredict will use the funding to expand its global sales
and marketing presence to meet increasing demand.
“SalesPredict provides an innovative technology approach that helps B2B companies overcome
one of their top barriers to growth: identifying the best sales prospects and moving them through
the lead-to-revenue cycle quickly,” said Chris Capps, president and CEO of KGC Capital. “We
invested in SalesPredict because we saw a great team with a solution that addresses a
challenge that is discussed at the board level of many of our portfolio companies and is
experienced by most B2B companies.”
By combining and analyzing prospect and customer data from a company’s CRM and marketing
automation solutions, along with proprietary data sources, social media, and the open web,
SalesPredict helps B2B companies uncover hidden “hot” leads, know which prospects are most
likely to convert to sales, and gain insights that help close deals faster. Using proprietary
predictive analytics algorithms, SalesPredict delivers insights that help sales, marketing and
customer success teams have more impactful interactions with prospects and clients throughout
the customer lifecycle and maximize revenue at every phase.
“We are thrilled to have the support of KGC Capital, Yandex, and participation from our existing
investors so we can expand our global reach and help more B2B companies increase sales and
improve their conversion rates,” said SalesPredict co-founder and CEO Yaron Zakai-Or.
“SalesPredict is here to prove that you don’t need to hire an expensive team of data science
consultants in order to gain actionable insights from your CRM and marketing automation data.
Our customers love that they can install SalesPredict from the Salesforce.com AppExchange in
about 10 minutes and it provides tangible business value within 24 hours.”