Yesware, the US-based developer of an email platform for salespeople, has secured $15m in a funding round featuring internet and technology group Alphabet and home builder JF Shea.
Venture capital firm Foundry Group les the round, which included VC firms Battery Ventures and Ridge Ventures. The corporates participated through respective subsidiaries GV and Shea Ventures.
Founded in 2010, Yesware has created an email platform that helps sales staff connect with potential clients and close sales more effectively.
The company announced the funding alongside news that co-founder Matthew Bellows has stepped down to take the chairman role. He will be replaced by chief operating officer Joel Stevenson.
The round took Yesware’s total funding to $48m and came after a $13.3m series C round in 2015 that was also led by Foundry Group, with participation from GV, Ridge Ventures (then known as IDG Ventures USA), Battery Ventures and Golden Venture Partners.
GV, Foundry Group and various angel investors supplied $1m of seed capital for the company in 2011 and returned for a $4m series A round led by IDG Ventures and backed by Golden Venture Partners the following year. All four backed a series B that closed at $14.7m in 2013.