Los Angeles Business Journal

Leads360 Secures $15 Million in Venture Funding

By Deborah Crowe Friday, February 3, 2012

Leads360, a Los Angeles company that helps businesses better follow up on sales leads, said it has completed a $15 million Series B fund-raising round led by Volition Capital.

The sales lead management software and service company said Friday that it will use the money to expand its product offering, pursue strategic partnerships, and increase awareness of its platform. Also participating in the round was existing investor Rustic Canyon Partners.

“The new funding validates Leads360’s vision for a combined sales and telephony software platform focused entirely on companies that sell to consumers,” said Chief Executive Nick Hedges in a statement.

Leads360 said it has seen 40 percent to 50 percent revenue growth every year for the past three years in operation, but did not disclose revenues.