Introhive Valuation, Funding & Investors
Introhive is valued at $73M as of July 2015.
Last Introhive valuation
$73M
Series B · Jul 2015
Last Introhive funding round
$99M
Undisclosed stage · Jun 2021
Cumulative funding Introhive raised
$124M
across 4 funding rounds
Key investors in Introhive
Salesforce
Build Ventures
Fortify Ventures
GrowthWorks Atlantic Venture Fund
Business Development Bank of Canada
PSG Equity
About Introhive
Introhive is a Fredericton, New Brunswick-headquartered SaaS provider founded in 2012, delivering relationship intelligence for CRM systems. Its enterprise relationship management platform automates data enrichment to uncover revenue opportunities and enhance customer experiences. Serving sales teams in finance and professional services, Introhive integrates with Salesforce and Microsoft Dynamics.
Founded
2012
HQ
FrederictonWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$73M (Jul 2015)
Introhive Valuation
Introhive is currently valued at $73M, based on its Series B in July 2015.
The $7M round was led by GrowthWorks Atlantic Venture Fund, with participation from Salesforce, Tech Equity Partners, Ronjon Nag, Build Ventures and Fortify Ventures.
Introhive valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2015 | Series B | $73M |
Introhive Funding History
Introhive has raised a total of $124M across 4 funding rounds.
Introhive's first fundraising round was a $2M Series B in June 2013. The most recent completed round was a $99M undisclosed-stage round in June 2021.
Introhive funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Undisclosed stage | PSG Equity (lead); Aegis Group Partners; Evergreen Coast Capital; MAVAN Capital Partners; Business Development Bank of Canada | $99M | - | Introhive, a Fredericton-based AI-powered sales and revenue acceleration platform, closed a $100 million USD ($121.3 million CAD) Series C funding round on June 16, 2021, led by PSG Equity with participation from Business Development Bank of Canada, Evergreen Coast Capital, Aegis Group Partners, and Mavan Capital Partners. Bank of America Securities acted as the investment banker without deploying capital. The all-equity round included some secondary financing, bringing total funding raised to approximately $140-150 million USD. The funding aims to accelerate growth, fuel product innovation in AI-driven relationship intelligence and CRM automation, support strategic acquisitions, expand the global footprint, and prepare for a potential public listing in a few years on a US exchange like Nasdaq. Introhive plans to hire additional staff in sales, marketing, and development, targeting growth from over 300 to 400 employees by year-end, while leveraging its own platform for internal sales efficiency. At the time of the round, Introhive reported surpassing $20 million USD in revenue, with CEO Jody Glidden projecting $100 million by end of 2023, attributing growth to pandemic-optimized workflows and strong customer retention at 95%. The platform serves large enterprises like PwC, Colliers International, and Wilson Sonsini, managing over 60 million contacts across 90 countries, with deployments of 10,000-100,000 seats and claims of saving $68,400 per employee annually in productivity. |
| Jun 2018 | Undisclosed stage | Espresso Capital (lead); Lake Bridge Capital (lead) | $15M | - | - |
| Jul 2015 | Series B | GrowthWorks Atlantic Venture Fund (lead); Salesforce; Tech Equity Partners; Ronjon Nag; Build Ventures; Fortify Ventures | $7M | $73M | Introhive develops customer relationship management (CRM) technology that monitors corporate emails, automates contact syncing and activity tracking, maps relationships, and enables warmer introductions for sales teams. The company, founded in 2012 with operations in Washington, D.C., and Fredericton, New Brunswick, closed a Series B round totaling $7.2 million, including an initial $6.7 million from 31 backers and an equity conversion of undisclosed Salesforce debt from 2013. GrowthWorks Atlantic Venture Fund led the round, with participation from Fortify Ventures, CIT GAP Funds, Build Ventures, Tech Equity Partners, and others including Ronjon Nag. The Series B-1 tranche raised $5.5 million at a $1.90 share price, achieving a post-money valuation of $73.01 million. Proceeds funded expansion of sales partnerships and the direct sales team. This followed a $1.8 million Series A in 2012 from GrowthWorks, New Brunswick Innovation Foundation, and angels, plus seed funding from CIT GAP and Fortify Ventures, and a $1.5 million investment from Build Ventures. |
| Jun 2013 | Series B | New Brunswick Innovation Foundation; Salesforce; Virginia Venture Partners; GrowthWorks Atlantic Venture Fund; Build Ventures; Fortify Ventures | $2M | - | - |
Who has invested in Introhive?
15 investors have backed Introhive across its funding rounds, including Salesforce, Build Ventures, Fortify Ventures, GrowthWorks Atlantic Venture Fund, Business Development Bank of Canada and PSG Equity.
Lead investors include PSG Equity, Espresso Capital, Lake Bridge Capital and GrowthWorks Atlantic Venture Fund.
Introhive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 2 | Participant | Jun 2013 | |
| Winnipeg | 2 | Lead | Jun 2013 | |
| Halifax | 2 | Participant | Jun 2013 | |
| Washington, DC | 2 | Participant | Jun 2013 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Aegis Group Partners | New York City, NY | 1 | Participant | Jun 2021 |
| Fredericton | 1 | Participant | Jun 2013 | |
| Tech Equity Partners | Halifax | 1 | Participant | Jul 2015 |
| Toronto | 1 | Lead | Jun 2018 | |
| Washington, DC | 1 | Participant | Jun 2013 | |
| Evergreen Coast Capital | San Francisco, CA | 1 | Participant | Jun 2021 |
| Boston, MA | 1 | Lead | Jun 2021 | |
| Kelowna | 1 | Participant | Jun 2021 | |
| Montreal | 1 | Participant | Jun 2021 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialIntrohive Competitors
Introhive competitors include listed companies like Brand Engagement Network, Coveo Solutions, Teneo AI and Helport AI, and private ones like CallMiner and Pactum.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Boston, MA | Private | - | - | $55M | - | |
| United States | Publicly listed | $275K | ($4M) | $53M | - | |
| Canada | Publicly listed | $148M | ($25M) | $276M | 1.2x | |
 Sweden | Publicly listed | $9M | ($4M) | $13M | - | |
 Singapore | Publicly listed | $35M | $7M | $11M | - | |
| San Francisco, CA | Private | - | - | $75M | - |
Introhive Public Comps
Introhive is still privately-owned, but its public comps include Decidr AI, Razor Labs, Airship AI, CyCraft Technology, Rank One Computing, Marchex, Coheris, TTEC, tripla and Bilendi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2M | ($13M) | 39.4x | 12.2x | (5.2x) | (4.6x) | |||
| $11M | ($5M) | 5.2x | - | (13.2x) | - | |||
| $15M | ($5M) | 3.6x | 3.6x | (10.7x) | (9.9x) | |||
| $12M | ($892K) | 5.3x | - | (69.0x) | - | |||
| $17M | ($2M) | 4.3x | 3.6x | (47.0x) | - | |||
| $45M | ($3M) | 1.2x | 1.0x | (17.3x) | 13.2x | |||
| $19M | $6M | 3.4x | - | 11.4x | - | |||
| $2.1B | ($18M) | 0.4x | 0.5x | (50.6x) | 4.4x | |||
This data is available for Pro users. Sign up to see all Introhive competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Introhive
| When was Introhive founded? | Introhive was founded in 2012. |
| Where is Introhive headquartered? | Introhive is headquartered in Fredericton, Canada. |
| Is Introhive publicly listed? | No, Introhive is a private, VC-backed company. |
| What is Introhive's valuation? | Introhive was last valued at $73M in its Series B in July 2015. |
| How much funding has Introhive raised? | Introhive has raised $124M across 4 funding rounds. |
| What was Introhive's last funding round? | Introhive's last funding round was a $99M undisclosed-stage round in June 2021, led by PSG Equity. |
| Who are Introhive's investors? | Introhive's investors include Salesforce, GrowthWorks Atlantic Venture Fund, Build Ventures, Fortify Ventures, Aegis Group Partners, New Brunswick Innovation Foundation, Tech Equity Partners, Espresso Capital, Virginia Venture Partners, Evergreen Coast Capital and 5 others. |
| Which companies are comparable to Introhive? | Companies comparable to Introhive include CallMiner, Brand Engagement Network, Coveo Solutions, Teneo AI, Helport AI and Pactum. |
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