Apollo.io has raised a total of $251.3 million across multiple funding rounds, including a $100 million Series D round in August 2023, achieving a valuation of $1.6 billion. The San Francisco-based platform offers AI-driven sales tools that enable businesses to automate and optimize their sales processes. With a workforce of 501–1,000 employees, Apollo.io serves over 500,000 companies globally, delivering verified contact data, outreach automation, and analytics to accelerate revenue growth.
Keep reading to explore Apollo.io’s funding journey, key investors, and what’s next for this innovative sales intelligence platform.
What Is Apollo.io and What Does It Do?
Founded in 2015 by Ray Li, Roy Chung, and Tim Zheng, Apollo.io is headquartered in San Francisco, California, United States. The company specializes in AI-powered sales and marketing automation, offering tools that enable access to verified contacts, automate outreach, and analyze engagement.
Apollo.io’s platform enables sales teams to increase efficiency, expand their pipeline, and improve revenue outcomes, serving enterprises and SMBs globally.
How Much Funding Has Apollo.io Raised?
- Seed Round
- Amount Raised: $120K
- Date: March 2016
- Lead Investors: Y Combinator
- Motivation: To kickstart the development of AI-driven sales tools.
- Seed Round (Additional)
- Amount Raised: $2.2M
- Date: May 2016
- Motivation: To further develop the platform and expand market reach.
- Series A
- Amount Raised: $7M
- Date: June 2018
- Lead Investors: Nexus Venture Partners
- Motivation: To scale operations and enhance product features.
- Series B
- Amount Raised: $32M
- Date: November 2021
- Lead Investors: Tribe Capital
- Motivation: To expand the customer base and increase Annual Recurring Revenue (ARR).
- Series C
- Amount Raised: $110M
- Date: March 2022
- Lead Investors: Sequoia Capital, Pathlight Ventures
- Valuation at Round: $900M
- Motivation: To accelerate product-led growth and increase investment in product and engineering.
- Series D
- Amount Raised: $100M
- Date: August 2023
- Lead Investors: Bain Capital Ventures
- Valuation at Round: $1.6B
- Motivation: To further scale the platform and expand market reach.
Total Funding Raised: $251.3M
Latest Funding Date: August 2023
Current Valuation: $1.6B
Key Investors
- Sequoia Capital
- Details: Leading VC firm with a track record of early and growth-stage tech investments.
- Investment Focus Areas: Technology, healthcare, consumer, and financial services
- Notable Investments: Apple, Google, WhatsApp, LinkedIn
- Tribe Capital
- Details: Data-driven VC investing primarily in early-stage technology companies.
- Investment Focus Areas: Technology, software, data-driven startups
- Notable Investments: Carta, Front, Bolt
- Nexus Venture Partners
- Details: VC investing in early- and growth-stage companies in India and the U.S.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Postman, Druva, Delhivery
- NewView Capital
- Details: Growth-stage VC providing operational support to scale technology companies.
- Investment Focus Areas: Enterprise software, consumer internet
- Notable Investments: Plaid, Duolingo, Scopely
- Bain Capital Ventures
- Details: VC arm of Bain Capital investing in early- to growth-stage tech companies.
- Investment Focus Areas: Fintech, healthcare, enterprise software
- Notable Investments: LinkedIn, DocuSign, Jet.com
Where Is Apollo.io’s Headquarters?
Apollo.io is headquartered in San Francisco, California, United States, providing access to top technology talent, enterprise clients, and investors to drive innovation in AI-powered sales solutions.
What’s Next for Apollo.io?
With a robust AI-driven sales platform and a B2B contact database of over 220 million buyers, Apollo.io is positioned to accelerate product-led growth, expand its customer base, and potentially triple ARR.
Future fundraising could support further expansion and innovation. Challenges include maintaining data accuracy, integrating with sales tools, and competing with platforms like SalesLoft and ZoomInfo.
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