Apollo.io Secures $100M In Series D Funding
- Written by Kelly Lindenau
- Published in Financial News
Apollo.io, a go-to-market (GTM) solution, raised $100 million in Series D funding led by Bain Capital Ventures with participation from existing investors Sequoia Capital, Tribe Capital and Nexus Venture Partners. Following the company's Series C in March 2022, this investment brings its total funding to $250 million and brings its valuation to $1.6 billion.
According to the company, Apollo.io has grown revenue 9X over the last two years and currently serves more than 3 million GTM professionals at more than 500,000 companies from startups to global enterprises. With the new capital, the company plans to more than double its employee count to continue building its GTM product.
“In line with our mission to make world-class GTM solutions simple and accessible to all, we have experienced unprecedented product-led growth during a time of economic uncertainty,” said Tim Zheng, Co-founder and CEO at Apollo, in a statement. “Our investors, led by Bain Capital Ventures, bring a new level of sophistication to the table that will accelerate Apollo.io’s journey from startup to scaleup. We look forward to expanding our offering for sales professionals to effectively target, engage and convert buyers into long-lasting customers.”