May 03, 2017

SAN FRANCISCO, CALIFORNIA – SalesHood, the leading sales productivity platform, announces the closing of its Series A funding to scale its go-to-market and accelerate its product vision. The round is led by TeleSoft Partners and private investors.

Elay Cohen, former Senior Vice President, Sales Productivity from Salesforce and Arthur Do, Fortify Founder and Chief Architect (acquired by HP) and Vice President, Engineering at Echosign (acquired by Adobe), founded SalesHood to help companies boost sales productivity by improving knowledge and tracking effectiveness with modern technology. “We bootstrapped SalesHood in May 2013 because we wanted to create a real business solving real productivity problems,” said Elay Cohen CEO, SalesHood. The company is cash-flow positive and growing revenue 90% year over year.

Arjun Gupta, Founder, Managing Partner and Chief Believer of TeleSoft, is appointed Chairman of the Board at SalesHood joining Lindsey Armstrong, COO InsideSales, Arthur Do, CTO and Elay Cohen, CEO. “The moment I learned about the SalesHood vision for next generation sales productivity, I knew we had a game-changing company with a highly differentiated technology and a winning team,” says Arjun Gupta.

“Raising sales productivity is the holy grail for sales leaders. SalesHood helps companies grow pipeline faster, improve close rates, accelerate ramp times and increase attainment,” shares Lindsey Armstrong. With over 20,000 paying subscribers and 100 customers, companies are doubling win rates, increasing deal sizes by 110%, improving time to ramp by 70%, improving time to close by 30% and reducing rep churn by 20%. “I worked closely with Elay at Salesforce and InsideSales and I’ve seen first hand how SalesHood quickly creates value for companies and the industry,” says Jim Steele, President and Chief Revenue Officer at Yext.