Qstream Secures Major Funding for Proven Game-Based, Data-Driven Approach to Improving Sales Force Performance
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Enterprise Ireland HPSU client, Qstream, a provider of mobile sales enablement and analytics for driving high-performance teams, has completed a $2.85 million Series A funding round, bringing the total amount raised to $4.4 million, including $1.55 million in seed funding. The financing was led by Frontline Ventures, and included early investor Launchpad Venture Group and several significant individual investors.
As part of the round, Shay Garvey, co-founder of Frontline Ventures, will join the Qstream board. The funds will be used to accelerate sales and marketing of the company’s acclaimed SaaS solution in North America and Europe.
“We’re extremely impressed with the blue-chip client list and experienced management team that the company has attracted,” said Garvey. “Qstream’s solution capitalizes on the best elements of mobile technology, gamification, data and analytics and applies them to a business process that is still hamstrung with inefficiencies and primed for fresh approaches. We are delighted to help Qstream advance a new class of sales enablement cloud solutions that is better tuned to the
changing face of business.”
Developed at Harvard, Qstream is clinically proven to keep reps sharp, increase knowledge retention by up to 170%, and help executives proactively measure and manage the strengths of their teams. Using any device, busy reps respond to scenario-based questions in just three minutes a day. Game mechanics such as scoring and leaderboards ensure user engagement, and a sophisticated analytics engine captures dozens of critical data points and instantly transforms them into actionable insights, such as identifying opportunities for tailored coaching.
To date Qstream has delivered more than 180 million questions in nine languages to sales reps and others for product launch support, competitive threat management and response, and strategic business initiatives. With tens of thousands of registered users, Qstream’s customers include some of the world’s top brands in life sciences, technology and financial services including Genentech, Boehringer Ingelheim, Intuitive Surgical, Oracle, SunGard, Rackspace and SunTrust.
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