ClearSlide pockets $28M for simpler presentation tools

Krystal Peak · August 29, 2012 · Short URL:

Bessemer Capital Partners. Greylock Partners, Felicis Ventures see the value in better slides

Informative slides can be very critical tools when you are giving or attaching a presentation but, let's face it, they can also be terribly hard to read on mobile devices after the fact and can lead to a lot of combat ability issues even on laptops and desktops. 

The San Francisco-based ClearSlide, the cloud-based presentation company, houses presentation decks on the Web at a single personalized URL so that there are no applications to install and no attachments to send. Sharing a deck is just like sending a link and erases any compatibility issues. 

This simple but business-savvy concept has drawn some serious support because on Wednesday, the company announced that it raised a $28 million Series B round of venture capital funding. The round was led by Bessemer Capital Partners. Greylock Partners and Felicis Ventures.  This brings the total VC raised to $39 million.

ClearSlide stated that it will use the new funding to rapidly expand its team, which has already reached around 100 employees at offices in San Francisco and New York.  This funding round could even double that number.

With clients including Expedia, Rackspace Hosting, The Wall Street Journal, Dow Jones, Living Social, Oracle and W Hotels, its no wonder investors see the value in this new way of sharing business information.

Currently, ClearSlide is being targeted directly to sales teams but there is also a wider market than just that part of a business.

In addition to the phone, web, and e-mail presentation tools,  ClearSlide also gives sales people analytics tools to keep teams on message and establish best practices and has iPad and iPhone apps.

ClearSlide says that its users, customers, and revenue have all increased 400% each year.  

“I was really impressed by ClearSlide’s team, as well as their operating metrics and rate of market adoption,” said Byron Deeter Bessemer Venture Partners.  “There is extremely strong customer demand for their offering and we’re thrilled to work closely with ClearSlide in their next stage of hyper growth.”



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