SoftBank leads MindTickle’s $100 million round; valuation doubles to about $500M

Sales enablement platform MindTickle has raised $100 million in a mix of equity and debt funding, led by Japan’s SoftBank Vision Fund 2, along with participation from existing investors Norwest Venture Partners, Canaan, NewView Capital and Qualcomm Ventures.

The latest investment will see the Silicon Valley and Pune-based startup’s valuation double to around $500 million post-money, from when it raised $40 million led by Norwest Venture Partners in July last year.

The MindTickle deal will mark SoftBank’s first Software-as-a-Service (SaaS) investment by its India team.

“We believe we’re at the tipping point where we’ve worked hard, the category is getting recognised and created and we can take it beyond one geography or one vertical.