• Atlanta

SalesLoft’s Midtown Move to Create 250 Jobs

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SalesLoft, a sales engagement platform, has signed a 32,000-square-foot lease at Regions Plaza, a 24-story trophy office building located in the heart of Midtown. The company will more than double the size of its current space to create an additional 250 jobs in the next five years, and the lease brings the building to approximately 95 percent occupancy. Lawrence Gellerstedt and Clinton McKellar represented the company in the lease negotiations.

SalesLoft also announced recently that the company raised $15 million in a Series B, valuing the company at about $100 million. According to the Atlanta Business Chronicle, SalesLoft enables sales reps to create targeted lists of prospects on the Internet. Once the leads are found, SalesLoft helps companies communicate with prospects to set up the product demos and pitches needed to win the business.

“Heading into the new year, our growth left us with enough cash in the bank and a modest enough burn rate to keep running for the next few years,” SaleLoft CEO Kyle Porter wrote in a recent blog post. “But we’re on a mission to transform the sales industry and be the clear No. 1 in our category. Achieving that mission requires additional investment in the platform, innovation, and our community so we deliver significant value to our customers. For that reason, we decided it was time to double down on our market and put more capital to work.”

Click here to read the story from the Atlanta Business Chronicle.

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