SaaS Labs raises $42 mn in series B funding led by Sequoia Capital

SaaS Labs, which builds business automation tools for sales and support teams worldwide, has raised $42 million in Series B funding led by Sequoia Capital India with participation from existing investors, Base 10 Partners and Eight Roads Ventures.

The round also saw participation from prominent Silicon Valley angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman. The company plans to use the funds raised on R&D, to develop new products for its global users, as well as to scale newly-launched products.

“Excited to partner with Sequoia Capital India to accelerate our growth. While we are well-capitalized, this round