Reachdesk raises $43m in Series B funding led by Highland Europe to expand its global gifting platform.
The Series B round was led by Highland Europe with participation from Highland Capital, HubSpot Ventures, and RLC Ventures.
Reachdesk provides a global intelligent gifting platform that helps businesses scale corporate gifting campaigns. The company operates software that integrates with existing technology stacks to automate and measure direct mail and present delivery.
Reachdesk has secured $43m in a Series B funding round led by Highland Europe. Additional backing came from Highland Capital, HubSpot Ventures, and RLC Ventures.
The capital will be deployed to accelerate product development and expand operations into new international regions. Reachdesk intends to enhance its platform capabilities and grow its network of technical integrations.
The raise follows a period of rapid expansion for the software provider, which has recorded significant year-on-year growth and increased its headcount substantially.
From the founder
"While corporate gifting has long promised to be the solution to generic, spammy marketing, it has not yet matched the needs or standards of today's companies and consumers. Reachdesk breaks the mould. Our data-led, AI-powered and integrated approach allows us to be there for our customers at every stage, via one single, simple yet powerful and trusted global platform,"
Alex Olley
Chief Revenue Officer at Reachdesk
Investor perspective
"The Reachdesk team truly understands the pain points faced by companies looking to break through to customers with effective marketing campaigns and has built a single solution that acutely addresses these,"
Laurence Garrett
Partner, Highland Europe
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Reachdesk
Reachdesk provides a global intelligent gifting platform that scales corporate campaigns.