US-based sales training software developer MindTickle has closed a $27m series B round featuring Qualcomm Ventures, the investment arm of semiconductor technology producer Qualcomm.
Venture capital firm Canaan Partners led the round with participation from fellow VC firms Accel and New Enterprise Associates (NEA).
Founded in 2011, MindTickle has developed a sales coaching platform that uses tools such as data science, gamification, microlearning and social learning to train sales staff to become more efficient.
The company has now raised a total of $41.3m, and will use the series B funding to develop new products and expand internationally.
MindTickle had secured $12.5m in a 2015 series A round featuring Qualcomm Ventures, NEA and Accel, after receiving $1.8m in seed capital from Accel and Moneta Ventures the previous year.
Krishna Depura, MindTickle’s co-founder and CEO, said: “MindTickle’s comprehensive readiness platform enables companies to be at the forefront of sales excellence through its unique combination of gamification, automation and a strong analytics framework for correlating learning and performance.
“This additional funding will allow us to accelerate the vision we share with our customers for data-driven sales enablement.”