Lusha Raises $205 Million in a Funding Round, Reaches $1.5 Billion Valuation
Lusha has announced that it’s raised $205 million in a Series B funding round, which brings its valuation as a company to $1.5 billion and earns it “unicorn status.” The funding round was led by PSG, a growth equity firm that partners with middle-market technology companies, with additional investment from ION Crossover Partners, which brings the total investment in Lusa to $245 million. Lusha plans to use the funding to continue to grow its B2B sales and marketing professionals community, expand its global presence, and improve its data quality.
Lusha is a sales intelligence platform and crowdsourced data community that equips B2B sales professionals with accurate, accessible data to help them identify, engage, and close qualified prospects. By recommending prospects and organizations to its users, Lusha can streamline the research process and enable salespeople to focus more on selling. The extensive Lusha community consists of worldwide sales professionals and organizations from across industries.
With the Series B funding round and its valuation at $1.5 billion, Lusha is reaffirming its commitment to growing its community of nearly 800,000 sales professionals and over 270,000 sales organizations. The additional investment will help Lusha improve its cloud-based platform with better data tools, an updated user experience, and more.
Yoni Tserruya, the CEO and Co-Founder of Lusha, says, “Similar to the shift that marketing underwent a decade ago, sales professionals are abandoning spray and pray outreach, in favor of super-targeted selling based on data. Lusha enables all salespeople to utilize data to recognize their most relevant opportunities and maximize revenue in a simple, easy-to-use solution. We look forward to using this funding to be at the forefront of this industry shift and grow Lusha into the largest B2B sales community”.
Learn more about Lusha.