What is Reachdesk?
Reachdesk provides a platform that enables companies to deliver physical gifts and direct mail to foster deeper connections with customers, prospects, and employees. The company aims to eliminate the guesswork in gifting, focusing on data-driven strategies to achieve measurable return on investment. Reachdesk's mission is to create a world where businesses are deeply appreciated by their stakeholders, emphasizing zero-waste practices in their operations, from budget allocation to packaging and carbon emissions. This focus on relevant, data-driven gifting positions Reachdesk as a key enabler of strong business relationships in the enterprise software market.
How much funding has Reachdesk raised?
Reachdesk has raised a total of $49M across 2 funding rounds:
Series A
$6M
Series B
$43M
Series A (2020): $6M with participation from Five Elms Capital
Series B (2021): $43M led by Tensility Venture Partners, Differential Ventures, and Scout Ventures
Key Investors in Reachdesk
Five Elms Capital
Five Elms Capital is a leading software investment firm focused on partnering with passionate B2B software founders, providing flexible capital solutions to support growth and founder liquidity.
Tensility Venture Partners
Tensility Venture Partners is an early-stage venture capital firm exclusively focused on AI-first software and services, investing in entrepreneurs transforming industries through innovative AI applications.
Differential Ventures
Differential Ventures is an AI-focused venture capital fund that invests in data-centric B2B tech companies, providing capital and expertise to data-focused founders.
What's next for Reachdesk?
With its latest major strategic investment, Reachdesk is poised for accelerated growth and market expansion. The substantial capital infusion, particularly following its Series B round, indicates a strong market validation and provides the resources necessary to scale operations, enhance its platform capabilities, and potentially explore new verticals within the customer engagement and corporate gifting sectors. This financing will likely fuel further innovation in data-driven gifting solutions and strengthen its competitive position against other players in the MarTech and CRM enhancement space.
See full Reachdesk company page
