Reachdesk wraps up $43M to expand its B2B Gifting Marketplace

Gifts have become a major lever in building business relationships over the last 20 months. In private meetings have become a personal way of communicating beyond the basics of rewarding, favoring, or pinging each other through a messaging platform, zoom, or sending an email to a colleague or business associate, or an email.

Today, Reachdesk the companies that are riding the wave of that growing B2B gift universe is announcing that it has raised $ 43 million, a sign of momentum in space right now, Reachdesk’s own business is growing by 600% last year. Highland is leading the Europe Round, a Series B round of financing, which also includes Highland Capital, HubSpot Ventures, and RLC Ventures. HubSpot is a strategic proponent: Reachdesk integrates with CRM and other business support tools, including HubSpot, to help gift senders manage their campaigns more efficiently.

Although the retail world has a clear season for buying and giving gifts that begins on Black Friday and ends right after the New Year, corporate gifts know no beginning or endpoint without beginning and ending (and ideally not the next, but a continuation of a business association Relationship). So the rise of the market to fill the void when private meetings disappear off the calendar, there have been many more B2B gifted startups growing and raising money to burn it. That includes Sendoso, which announced $100 million just a few weeks ago. Alice, who raised $ 30 million for a platform in April, says the show uses AI to improve the balance between the sender and the recipient.

This is not a bad goal, considering that hitting the target on a gift and sending something that seems right means all the difference between getting and not getting your desired result as a sender. Model, a platform whose goal is to send B2B gifts on a scale.

Reachdesk was founded in London in 2019 by Alex Ole, J. Radia, Milan Radia and Alex Correa-Santos, with Tammy Mancusi-Ungaro joining as CEO in May of this year. The idea for the company came from the same passion that encouraged it to create at least one other startup in space: personal experience. In particular, the two Radia-brothers who were previously co-founded Yieldify, a marketing startup backed by GV, among others.

Throughout that time and other roles, they first understood how the gift-giving process in the B2B world was manual and how it could be more meaningful in a business sense, not like you’re feeling in a consumer gift – if it could be combined with other software that People use it to track and manage their business potential and larger strategic plans.