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Drift

Drift

Drift is a software company offering a conversational marketing platform founded by David Cancel.

Drift is a software company offering a conversational marketing platform that is headquartered in Boston, Massachusetts and was founded in 2015 by David Cancel and Elias Torres. The company offers chat bots capable of automating company sales funnels by answering common questions, starting conversations with potential clients, and route qualified leads to the appropriate sales representatives. Notable companies using Drift include: Mindbody, MongoDB, Zenefits, Dyn, AdRoll, Vidyard, Okta, and Symantec.

Funding
Series A

On January 15, 2015 Drift completed their series A funding round with $15 million in funding from CRV.

Series B

On September 26, 2017 Drift completed their series B funding round with $32 million in funding from Sequoia Capital (lead investor), General Catalyst and CRV. The company plans on using their series B funding to expand its sales and marketing team by hiring more employees, and to also open an office in San Francisco, California.

Series C

On April 17, 2018 Drift completed their series C funding round with $60 million in funding from Sequoia Capital (lead investor), General Catalyst, and CRV. At the time of raising their series C funding Drift had approximately 100,000 clients. The company plans on using their series C funding to increase the size of their teams working in Boston, Massachusetts and San Francisco, California.

Timeline

May 12, 2021
Drift announces Bart Hammond as Chief Customer Officer and Ryan Schultz as Vice President of Customer Success.
2021
With $2.1 Billion in Sales Pipeline Generated in Q1 2021, Drift Adds Executive Appointments to Fuel Customer Success

Funding rounds

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FinSMEs
September 6, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Natasha Mascarenhas
September 3, 2021
TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Alex and Grace and Chris gathered to dig through the week's biggest happenings, including some news of our own. As a note, Equity's Monday episode will be landing next Tuesday, thanks to a national holiday here in the United States. And we have something [...]
Crunchbase News
September 1, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Richard Dal Porto
September 1, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Mary Ann Azevedo
September 1, 2021
TechCrunch
Private equity firm Vista Equity Partners announced today that it is taking a majority stake in Drift, a company which aims to be the Amazon of businesses, with a "growth investment" that propels the venture-backed startup to unicorn status. Unfortunately, neither party would disclose the amount of the investment, or Drift's new valuation. But co-founder [...]
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