Lusha Plans to Double Its Boston Team After Raising a $205M Series B
Less than a year after closing on a $40 million Series A, sales tech startup Lusha announced Wednesday it has raised a whopping $205 million in fresh funding, bringing its total valuation to $1.5 billion.
This Series B round was led by PSG, a growth equity firm focused on middle-market software, and makes up a bulk of the $245 million Lusha has raised thus far.
Now, the newly minted unicorn plans to use the new capital to expand its global presence and grow its team — especially at its Boston office, which was first announced in March. A spokesperson for Lusha told Built In via email that the new office currently has 21 local employees, and will likely grow to 50 in the coming year to accommodate its plans for a “rapid U.S. expansion.”
Founded in Tel Aviv, Lusha helps B2B salespeople identify, engage with, and close deals. Its cloud-based intelligence platform provides sales teams with accurate company information they can share with each other, as well as data to better understand relevant prospects. Today, it is used by more than 270,000 sales organizations, including those at tech giants like Facebook, Google and Uber.
“Our primary goal is to give every salesperson, regardless of size or budget, access to the highest quality data at the most affordable price, while championing world-class standards of privacy and compliance,” co-founder and president Assaf Eisenstein said in a statement. “With this funding round, we will continue to invest highly in our data infrastructure and privacy standards to provide optimal levels of compliance and security for Lusha’s 800,000+ community members.”
The company spokesperson also added in their email to Built In that Eisenstein and his family have moved from their home in Tel Aviv to join the growing team here in Boston in order to “further the company’s commitment to its U.S. market expansion.”