# Help Scout

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/help-scout

- Industry: Internet
- Headquarters: Boston, US
- Website: www.helpscout.net
- Total disclosed funding: $28M
- Latest round: Series B (Jan 20, 2021)
- Investors on record: 6

## About

Help Scout Inc. is a Boston-based company that develops a robust customer support platform, enhancing interactions between businesses and their customers through innovative tools and features.Founded in 2011, Help Scout Inc. has established itself as a provider of customer support solutions. The company was co-founded by Denny Swindle, Jared McDaniel, and Nick Francis, with Nick Francis currently serving as CEO. Help Scout has raised a total of USD 15.00 mn, including the latest funding round of USD 15.00 mn in Series B funding on January 20, 2021, led by Lead Edge Capital, with participation from Converge Venture Partners. The company's headquarters is located in Boston, US.Help Scout primarily offers a comprehensive customer support platform designed to enhance communication between businesses and their customers. Its core product suite includes a shared inbox, help center, and live chat functionalities that enable teams to manage customer inquiries efficiently. The platform integrates artificial intelligence to assist in drafting replies, summarizing long threads, and automating routine tasks, thereby improving response times and customer satisfaction. Help Scout serves a diverse clientele across various sectors, including technology, education, and e-commerce, and caters to businesses of multiple sizes, from startups to established organizations. The services are marketed globally, with customers primarily located in North America, Europe, and Asia, ensuring a wide reach in various geographical markets.Help Scout generates its revenue through a subscription-based model, which includes several pricing tiers to accommodate different business needs. Clients typically enter into annual or monthly subscription agreements, with the potential to access features based on their selected plan. The flagship product offerings, such as the shared inbox and customer support tools, are part of bundled subscription packages that provide varied functionalities tailored to customer support teams. This structured pricing model allows businesses to scale their usage according to their requirements while maintaining a consistent revenue stream for Help Scout. The company focuses on delivering value to its clients, which reinforces customer retention and encourages long-term partnerships.In January 2021, Help Scout Inc. raised USD 15 million in Series B funding, led by Lead Edge Capital, to support future growth initiatives. The company plans to develop new products that enhance its customer support capabilities and aims to expand its presence in key international markets across Europe and Asia by 2023. The recent funding will be allocated towards product development and market expansion efforts, ensuring Help Scout continues to meet the evolving needs of its clientele.

## Funding rounds

- Series B, Jan 20, 2021, $15M — Converge Venture Partners, Lead Edge Capital
- Series A, Jan 26, 2017, $6.2M — Foundry Group
- Series A, Mar 9, 2015, $6M — Foundry Group, Converge Venture Partners
- Seed, Aug 16, 2011, $0.4M — Zelkova Ventures, Bantam Group
- Seed, Aug 5, 2011, $0.3M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Zelkova Ventures (https://capitalatlas.ai/funds/zelkova-ventures) — Seed
- Bantam Group — Seed
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- Converge Venture Partners (https://capitalatlas.ai/funds/converge-venture-partners) — Series A, Series B
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series B