RelateIQ
Latest round
- Series C
Last raised
- Mar 2014
Total raised
- $69M
Investors
- 12
About RelateIQ
Founded in 2011 in Palo Alto, US, RelateIQ developed innovative solutions for customer relationship management before being acquired by Salesforce, Inc. in July 2014 for USD 392 mn. The acquisition was completed in August 2014, allowing Salesforce to integrate RelateIQ's capabilities into its own offerings.Salesforce, a leader in customer relationship management (CRM) solutions, primarily offers its flagship product, the Starter Suite, designed specifically for small businesses. The Starter Suite encompasses a comprehensive suite of tools, including marketing, sales, service, and commerce functionalities, all integrated into a single platform that also features Slack for team collaboration at no additional cost. The platform is engineered to streamline operations, allowing users to manage customer interactions, track sales leads, and analyze performance metrics efficiently. Salesforce's services effectively address a range of use cases, including lead generation, customer service optimization, and sales pipeline management, enabling small businesses to enhance productivity, improve customer satisfaction, and drive growth.Salesforce operates on a subscription-based revenue model, where businesses pay for access to its software solutions on a recurring basis. The company offers tiered pricing plans for its Starter Suite, catering to different business needs and sizes, which allows clients to select the package that best fits their operational requirements. This model includes various pricing options that align with the number of users and volume of features required, facilitating straightforward scalability as businesses grow. By focusing on B2B transactions, Salesforce establishes partnerships with companies to enhance their CRM capabilities, ensuring that clients have the necessary tools to engage customers effectively and optimize their sales processes.Following its acquisition by Salesforce, RelateIQ's resources are expected to be utilized to enhance new product offerings within the Salesforce ecosystem. Plans for future growth include the development of additional features in the Starter Suite aimed at improving user experience and efficiency in customer management. The integration of RelateIQ's technology into new geographic markets, particularly in Asia-Pacific and Europe, is targeted for rollout over the next few years. The recent acquisition for USD 392 mn is intended to support these initiatives, leveraging Salesforce's established infrastructure to maximize the impact of RelateIQ's innovative solutions.
Who invested in RelateIQ
12 investors across 4 rounds
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Questions about RelateIQ
Who invested in RelateIQ?
RelateIQ has 12 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has RelateIQ raised?
RelateIQ has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did RelateIQ last raise money?
RelateIQ's most recent round on record is a Series C, in Mar 2014.
What does RelateIQ do?
Founded in 2011 in Palo Alto, US, RelateIQ developed innovative solutions for customer relationship management before being acquired by Salesforce, Inc.
Where is RelateIQ headquartered?
RelateIQ is headquartered in Palo Alto, US.
Which VCs invest in companies like RelateIQ?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at RelateIQ's stage. Their profiles are linked below.
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