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Announced

Completed

Mike Dinsdale and Abdulla AlBanna led a $100m Series D funding round in People.ai.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Minority

Domestic

revenue intelligence platform

FinTech

Private

Friendly

Completed

Private Equity

Venture Capital

workflow software

Synopsis

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Mike Dinsdale, Akkadian Ventures Managing Director, and Abdulla AlBanna, Mubadala Capital Partner, led a $100m Series D funding round in People.ai, a developer of a revenue operations and intelligence platform designed to transform business activity data. Other investors include ICONIQ Capital and Lightspeed Venture Partners. The capital will support People.ai's continued growth through investments in the company's SmartData platform and its expansion into new industry segments and geographies. "I've had the privilege to serve as CFO at companies such as DoorDash, DocuSign, and Gusto. Those experiences helped me recognize the hallmarks of companies that fundamentally change the way businesses operate. I instantly recognized the game-changing nature of People.ai and I'm looking forward to watching them build the next generation of go-to-market growth engine for the enterprise," Mike Dinsdale.

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