# Quip

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quip

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.quip.com
- Total disclosed funding: $30M
- Latest round: Series B (Oct 2, 2015)
- Investors on record: 2

## About

Quip, a Salesforce company, delivers a productivity platform that enhances collaboration for sales teams via real-time document management and integrated data, streamlining workflows and improving organizational efficiency.Founded in 2012 by Kevin Gibbs in San Francisco, US, Quip specializes in providing collaborative productivity tools. The company was acquired by Salesforce in August 2016 for USD 582 mn, marking a significant milestone in its strategic evolution.Quip offers a productivity platform designed to enhance collaboration for sales teams through real-time document management and integrated data utilization. Their core product allows users to embed dynamic documents, live Salesforce data, and collaboration tools within Salesforce records. This solution is deployed across various geographical markets, primarily catering to organizations in North America and Europe, which have a significant demand for integrated productivity solutions.Quip generates revenue through a subscription-based model targeting business clients across multiple sectors. The company primarily structures transactions through B2B engagements, where enterprises subscribe to Quip’s services for enhanced productivity and collaboration capabilities. Their pricing plans are tiered to accommodate varying organizational needs, ensuring seamless integration of Quip's services into existing workflows.Following its acquisition by Salesforce, Quip is focused on developing new products and enhancing existing offerings to strengthen its market position. While specific new product launch dates have not been disclosed, the company aims to expand its services into additional North American and European markets by 2024. The recent acquisition funding will support these initiatives, allowing Quip to leverage Salesforce's resources for technological advancements and market penetration.

## Funding rounds

- Series B, Oct 2, 2015, $30M — Benchmark, Greylock Partners

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B