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Cloud tech company ClearSlide raises $28m in expansion capital

29 Aug 2012

ClearSlide has raised $28m in Series B funding led by Bessemer Venture Partners (BVP), with participation from existing investors Greylock Partners and Felicis Ventures.

ClearSlide provides cloud-based platform for enterprise sales teams to communicate with their customers.

Following the investment, Byron Deeter, partner at BVP, and John Jack, former CEO and president of Fortify Software, have joined ClearSlide’s board of directors.

“At BVP, we’ve been fortunate to work with and help nurture some of the largest businesses in the SaaS industry, which has given us strong insight into the key growth drivers and metrics of leading cloud companies,” said Deeter.

“I was really impressed by ClearSlide’s team, as well as their operating metrics and rate of market adoption. There is extremely strong customer demand for their offering and we’re thrilled to work closely with ClearSlide in their next stage of hyper growth.”

ClearSlide said it will use the new funding to expand the team, invest in new products and technologies, open new offices, and expand marketing.

The company has quickly grown to more than 100 employees with plans to more than double headcount in San Francisco and New York.

“We see a huge opportunity before us,” added Al Lieb, CEO and co-founder of ClearSlide.

“I’m excited that our latest round of funding gives us the resources to expand even faster.

“I’m truly proud of what our team has built to date, honored by the passion and loyalty from our customers, and look forward to the size and scope of what we will build in the coming year.”

Greylock has added to its team recently, hiring Mozilla engineer Mike Hanson as an entrepreneur in residence and Vontu co-founder Joseph Ansanelli as a general partner.

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