Palo Alto – November 23, 2020 – Cooley advised SoftBank Vision Fund 2 as the lead investor in sales readiness company MindTickle's $100 million financing. Lawyers Matthew Bartus, who co-chairs Cooley's global emerging companies and venture capital practice, and Rishab Kumar led the Cooley team advising SoftBank Vision Fund 2 on the investment.
Existing investors Norwest Venture Partners, Canaan, NewView Capital and Qualcomm Ventures also participated in the round. MindTickle will use the funds to accelerate its go-to-market activities and expand global operations while advancing investments in product innovation to close the loop on customer-facing readiness and in-field execution.
"We have been impressed by MindTickle's vision of closing the capability loop and bringing deep insights and actionable intelligence to revenue and business leaders," Munish Varma, managing partner at SoftBank Investment Advisers, said in a news release. "We believe that sales readiness is experiencing a paradigm shift, as enterprises face the new reality of hybrid-remote work."
Organizations use MindTickle to drive programs, such as onboarding, ongoing learning, role-playing, upskilling and coaching, to ensure that all customer-facing employees have the right capabilities and behaviors needed to drive revenue growth. With MindTickle, more than 200 enterprises, including more than 40 of the Fortune 500 and Forbes Global 2000, have achieved significant, measurable improvement in revenue metrics, such as ramp time, quota attainment and win rate.
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