Leadspace Raises $21m Growth Fund

US and Israel-based B2B audience management platform Leadspace has raised $21m in a Series C funding round, which it will use to support client growth and continue development of its data and predictive intelligence solution.

Founded in 2010 by Doug Bewsher and Amnon Mishor, the Leadspace platform combines with third-party data sources and AI to help clients find and target ideal customers (with profiles similar to top existing customers) while recommending how to best engage them.

The new investment has been led by Arrowroot Capital and existing investor Jerusalem Venture Partners (JVP). It will also be used to fund additional investment and innovation in the Israel- based AI platform and team, and growth in the customer team in San Francisco and Denver.

Arrowroot's Managing Partner Matthew Safaii comments: 'We believe AI is revolutionizing B2B sales and marketing as more and more companies are seeing the results. Leadspace has pioneered this space, built an unrivaled platform and won an incredible list of customers. We are excited to partner with the company on the next stage of its growth'.

Web site: www.leadspace.com .