Endgame’s $5 million seed funding round was led by Santa Monica-based venture capital fund Upfront Ventures, while the company's $12.25 million Series A round was led by Menlo Park-based venture capital firm Menlo Ventures.
Founded in 2020, Endgame offers insight on users of free software trials for sales teams. The company analyzes data from trials and identifies which users will make the best customers and how to properly target them
Alex Bilmes, founder and chief executive of Endgame, said in a blog post that product-led growth, or using the product or software itself as a means of attracting and retaining customers, is “exploding.”
“In the past, software was sold over steak dinners and TopGolf,” Bilmes said in a blog post. “Today’s customers buy software by self-serving, seeing value, then doubling down on the products they like.”
Endgame is currently pre-revenue, Bilmes told TechCrunch. Its beta customers include social media company Clubhouse, graphic design tool Figma Inc., video messaging platform Loom and cloud collaboration company Airtable.
“Traditional software sales (are) dying,” Kyle Parrish, head of sales at Figma, said in a statement. “The modern sales motion looks at what users are doing in a free plan or trial and then applies sales pressure to the highest value accounts that are most likely to convert.”
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Albert Raises $100 Million In Series C Funding
- Salon Software Platform Boulevard Raises $27 Million
- Numerade Labs Raises $26 Million for AI Ed Tech
- HomeLister Raises $4.5 Million for Commission-Free Real Estate Platform
- Whatnot Raises $50 Million
- Emotive Raises $50 Million for Text Messaging Campaigns
- AppOnboard Raises $20 Million in Series C
- Parabol Aids Businesses With Hybrid Work Environments