MindTickle, a US-based sales coaching software provider, has raised $100m in a series E round led by internet and telecommunications group SoftBank’s Vision Fund 2, valuing the company at $1.2bn.
The round featured Qualcomm Ventures, the corporate venturing arm of mobile semiconductor technology producer Qualcomm, as well as venture capital firms Norwest Venture Partners (NVP), Canaan and NewView Capital.
MindTickle provides a sales coaching platform that uses data science, gamification, conversation intelligence, performance analytics and social learning to train sales teams and help them build knowledge, align content, analyse productivity, optimise behaviour and improve performance.
MindTickle has raised $281m in funding to date. The series E funding followed a $100m round led by SoftBank Vision Fund 2 last November at a valuation of $500m. Qualcomm Ventures, NVP, Canaan and NewView Capital also contributed to that deal.
MindTickle previously raised a $40m series C round in 2019, that was led by NVP and backed by Qualcomm Ventures, Canaan, NewView Capital and Accel.
Canaan led a $27m series B round for the company in 2017, with contributions from Qualcomm Ventures, Accel and New Enterprise Associates (NEA).
MindTickle had collected $12.5m in series A funding from Qualcomm Ventures, NEA and Accel in 2015 and $1.8m in seed capital from Accel and Moneta Ventures a year earlier.