Norwest leads $40m Series C for India's MindTickle
Norwest Venture Partners has led a $40 million Series C round for MindTickle, an online sales enablement platform based in India and the US.
Existing investors Accel Partners, Canaan Partners, and Qualcomm Ventures participated in the Series C round, along with NewView Capital, a spinout of previous investor New Enterprise Associates (NEA). The new funding round brings MindTickle’s total capital raised to more than $81 million.
With headquarters in San Francisco and an operations team in India, MindTickle provides a variety of training programs focused on sales representatives for corporate clients across a range of industries. Its products include on-demand online education, mobile training apps, and games.
Accel has been a significant backer of MindTickle, having participated in all of its funding rounds since a $1.8 million seed round in 2014. NEA and Qualcomm joined the $12.5 million Series A round in 2015, and were in turn joined by Canaan for the $27 million Series B round in 2017. The company will use the new capital to support its growth plans as well as expanding its service offering.
“MindTickle is successfully confronting one of the most complex issues facing today’s organizations: the ability to train and upskill customer-facing employees,” said Scott Beechuk, a partner at Norwest, in a statement. “As organizations continue to look for new technologies to make their teams more effective in the field, we see a tremendous opportunity ahead for MindTickle to lead this movement.”
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