Today Leadspace announced it has raised $46 million in growth funding led by JVP. The funding validates Leadspace as a front runner in a burgeoning Customer Data Platform (CDP) market that is estimated to generate $2.4 billion in 2020, and expand to $10.3 billion by 2025. Leadspace plans to use the funding to grow the team in both Israel and the U.S. and keep up with the increasing demand they’ve seen in the last year.
The company is also appointing Alex Yoder as its new chief executive officer, whose extensive experience leading transformative growth within the companies he’s led will now help Leadspace redefine the emergent B2B CDP category. Yoder joins Leadspace after successfully building organizations as large as $150M in annual revenue, spanning marketing tech, Ad-tech, SaaS and services.
Leadspace has also announced that JVP Founder and Executive Chairman, Erel Margalit, will serve as Chairman of the Board for the company. Margalit has led investments in companies including CyberArk Software, QLIK Technologies and Cogent Communications and many others.
“We believe that Alex Yoder can take the business to the next level as Leadspace becomes the single source of truth for B2B data,” said Erel Margalit, JVP Founder & Executive Chairman and Leadspace’s Chairman of the Board. “Leadspace – through its revolutionary AI platform – is changing the way enterprises manage their internal and external customer data. In the coming years, enterprise CDP will be established as a new category, using AI to obtain the true identity, title and roles of companies and individuals, creating true added value for clients,” said Margalit. “The company has added an impressive roster of new clients — including Salesforce, American Express, Zoom, Microsoft, Verizon, and more — to establish its leadership in the category. Building on the company’s technological center of excellence based in Israel, Leadspace will now augment its business leadership in the US.”
https://www.martechcube.com/cdp-leader-leadspace-lands-46m-in-growth-funding/
