Outreach raises $114 million Series E round

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Sales engagement platform company Outreach, has raised $114 million in Series E funding. The investment pegs the company at a $1.1 billion valuation, Outreach said in a statement.

Lone Pine Capital led the funding round, with participation from Meritech Capital, and additional investment from new investor Lemonade Capital. Existing investors DFJ Growth, Four Rivers Group, Mayfield, M12, Sapphire Ventures, Spark Capital and Trinity Ventures also joined the round.

Outreach has raised $239 million to date. The privately-held company based in Seattle, Washington, has 315 employees, and supports 3,300 customer accounts and 50,000 sales professionals worldwide, according to a statement by Outreach.

[Image courtesy: Outreach]