Harvard-developed Qstream raises $2.85m
Burlington-based Qstream, which uses mobile technology and gamification to help sales reps improve efficiency, said Friday it's raised $2.85 million in Series A funding.
The company delivers software-as-a-service that was developed at Harvard and includes a series of daily “challenges” delivered to mobile devices, which aim to keep companies' sales teams "aligned on vital information and on-the-job practices."
Ultimately, the technology is "ensuring that reps are equipped to have value-added conversations with their clients," said Duncan Lennox, CEO and co-founder of Qstream, in a news release. Qstream customers include Genentech, Oracle, Rackspace and SunTrust.
The funding round was led by Frontline Ventures and included early investor Launchpad Venture Group. Frontline Ventures co-founder Shay Garvey joins the Qstream board in connection with the funding.
Qstream had previously raised $1.55 million in seed funding.
Duncan Lennox, CEO and co-founder of Qstream. “As selling models grow increasingly more inefficient, and at the same time more complex, Qstream delivers a simple, measurable and proven approach to addressing the very large and under-served business problem of ensuring that reps are equipped to have value-added conversations with their clients.”