Colabo Raises $7M in Series A Funding

What does Colabo do?

Colabo, is an Automated Sales Engagement platform, which harnesses the power of new customer engagement channels such as Meetup and LinkedIn for automatically selecting optimal channels. It offers solutions for enabling marketing and sales professionals across all industries in harnessing the data available online for generating and qualifying leads easily. With Colabo, quality leads can be automatically generated and qualified from sources like Twitter, LinkedIn, Quora etc. With this platform any live data available on any page which can be accessed by browser can be added into a dashboard through its web clipper tool. The new data can be accessed from any device and can be shared with others.

How much Colabo was funded?

Colabo raised  $7M in Series A funding on June 7, 2015 from the investors Marker, Paul Maritz, Kaedan Capital, The Hive and Ray Rothrock.

Previous funding

$2M in Seed round on January 1, 2011.

$1.5Min Venture  round on May 7, 2014 from Ray Rothrock, Paul Maritz and Raghu Raghuram

What is next for Colabo?

Colabo will use the latest funding raised to support its current growth, which currently  stands at more than 50% month to month. The company raised this round of funding for expanding its sales team and grabbing the tinely opportunity as the sales world is shifting from email and phone to the Internet of Customers.

More about Colabo

Colabo was founded in 2010 by Asaf Wexler, Yoav Dembak and Naama Halperin. It has its headquarters in San Carlos, CA. this company is the first to harness the power of infinite dynamic web sources instead of relying on the email and phone for engaging with potential customers. This way it enables the sales teams in increasing the response rates from leads by over 10 times when compares to the systems which are based on the phones and emails.