Fenwick represented sales engagement platform Outreach in its $50 million funding round. This funding round is led by Sands Capital with participation by Salesforce Ventures. In addition, new investor Operator Collective will be joining existing investors which include Lone Pine Capital, Spark Capital, Meritech Capital Partners, Trinity Ventures, Mayfield, and Sapphire Ventures. This round brings Outreach's valuation up to $1.33 billion and total funding to $289 million. Outreach remains the only unicorn in the rapidly growing sales engagement category.
Outreach will use the funding to continue to deliver new technologies like Outreach Kaia, the new Knowledge AI Assistant the company unveiled in May 2020. The company is also moving forward with its expansion plans and investing in new markets, including adding new global outposts and growing its EMEA presence. More information about the funding can be obtained from Outreach’s announcement.
The Fenwick transaction team includes corporate partner Alan Smith and associates Christopher Gorman, Annie Omata, Christian Olano and Adam Conway.