Apollo.io raises $110 mn in Sequoia-led round

Apollo.io has raised $110 million in Series C funding led by Sequoia Capital along with the participation of its existing investors Trible Capital, Nexus Venture Partners, and NewView Capital. 

Apollo.io will use the capital to accelerate its product-led growth, increasing its investment in product and engineering by nearly 300% to continue building the best platform in its category. It has raised more than $150 million to date.

This Series C funding round will take place at a crucial time for Apollo.io. Annual recurring revenue (ARR) has almost tripled in the last 12 months. Since announcing  Series B  funding three months ago, Apollo.io has expanded its pay customer base by nearly 60% to over 15,000 paying customers.

The startup helps more than one million professionals across 16,000 companies, automate their sales processes and 10X their revenue. Its platform includes a B2B contact database with information n over 220 million buyers. It also offers powerful and smart sales engagement features to help teams automate their workflows and outreach driving increased productivity.

Apollo raked 3rd on G2’s prestigious 2022 Fastest-Growing Products list, beating 1000s of companies across the reviewer’s website earlier this month.