Corporate gifting platform secures $6m Series A investment for global expansion
A London-founded direct mail and corporate gifting specialist has secured multi-million dollar investment to continue its international expansion.
Reachdesk has raised $6m in a Series A funding round, led by Five Elms, to expand its reach across the US, Europe and Asia.
Alex Olley, co-founder and head of revenue and marketing, explained: “Because of the pandemic, companies have lost their critical sales and marketing channels.
“They struggle to deliver the new sales results they need to survive. By creating closer connections with customers, Reachdesk helps companies break through to prospects, accelerate deals, and reduce churn.”
The company, which is now headquartered in New York, has quadrupled its revenue and doubling headcount since March this year.
In addition to its global expansion, Reachdesk plans to use its most recent funding round to invest in more customer service, product innovation and review sustainable approaches to gifting and direct mail.
Stephanie Schneider, Partner at Five Elms, added: “Direct mail has been used by sales and marketing teams for decades. Without a software solution, even the most organized teams struggle to execute effective corporate gifting campaigns at scale.
“Reachdesk quickly established itself as a leader in the space by offering a simple, easy-to-use solution with robust integrations that gives its customers confidence that their budget is spent on high-return efforts.”
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