Kluster raises $5M Series A funding as it plans to to broaden the Kluster platform, and build foundations for US expansion.
● Kluster enables companies to beat their revenue targets with its revenue strategy AI platform.
● The $5M round was led by Foresight, with participation from SuperSeed and strategic angels, including Cognism CEO James Isilay.
● Kluster is relied upon by growing companies including CurrencyCloud, ExtraHop, OysterHR, SEON, TrueLayer and TigerConnect.
London, UK 8.00 AM BST April 25th 2023: Kluster, the platform for planning and executing revenue strategy, has raised a $5M Series A round.
The investment was led by Foresight Group, with participation from SuperSeed and strategic angels, including Cognism CEO James Isilay, and will be used to accelerate product development and revenue expansion.
Kluster’s platform enables executives and revenue leaders of fast-growing businesses to consistently beat their targets. It uses AI to analyse data and trends, providing a leading indicator for sales performance.
With Kluster, everyone from the junior sales reps up to the board level has a unified view of the performance and status of the business. This enables leadership to course correct as early as possible, always calling the right shots sooner.
Kluster came about due to the shared professional challenges of the founders, university friends Dan Thompson and Rory Brown. Rory was running a large team of salespeople in the City of London, where he lacked a reliable way to get accurate forecasts.
He turned to Dan, a theoretical physics graduate with expertise in building forecasting models for catastrophic events, such as hurricanes and terror attacks, across the Lloyd’s of London market. Dan had previously been an early employee at London fintech Acturis.
They joined forces to launch Kluster and have since grown to a team of 30 supporting growing companies across North America and Europe, including CurrencyCloud, ExtraHop, OysterHR,SEON, TrueLayer and TigerConnect.
Dan Thompson, CEO, said:
The Series A follows an earlier investment of $1M in April 2020 led by SuperSeed and Newable Ventures.
Jack Eadie, Managing Director at Foresight, said:
The latest funding will be used to fund product development and expand the go-to-market team. The company aims to move deeper into the American market and secure executive hires across 2023and 2024, which will be accelerated by this funding.
Mads Jensen, Managing Partner at SuperSeed, added:
Kluster is the leading revenue strategy platform, providing end-to-end coverage for high-performing executives and revenue functions.
An award-winning provider of forecasting, board reporting, revenue analytics, pipeline management and more, Kluster is trusted by companies across Europe, USA, Canada, and worldwide.
Using Kluster, revenue leaders and executives can ensure they hit target through being able to meticulously plan and execute their revenue strategy.
To find out more, please visit https://www.kluster.com.