Conga closes $47m funding led by Insight, Salesforce

Conga, a document automation developer, has secured $47m in its new round of funding led by Insight Venture Partners and Salesforce Ventures.

Colorado-headquartered Conga builds document automation solutions to help businesses improve CRM investments. Services include document generation, contract management, e-signatures, data management, and report generation. The company has over 700,000 users in more than 85 countries.

The platform can also be used to automatically create invoices and receipts by merging data from Salesforce. Its service can also be used to automatically email the necessary people with the digital invoice and follow-up with reminders for looming payment due dates. Invoices which can be created include for customer, vendor, partner, business, consulting and accounting invoices, as well as donation receipts, recurring bills and order confirmation.

The capital from the new round will be used to further develop its products, as well as to fuel its domestic and international growth to support growing demand in the EMEA and APAC regions. Over the last year, the company has made a series of strategic hires, increasing the size of its team by 64 per cent.

Conga CEO Matthew Schiltz said, “Our steadfast dedication to our customers’ needs for better Intelligent Document Automation has been on full display this year as we’ve aggressively grown the breadth and depth of the Conga Suite through product development and acquisitions.”

Earlier in the year, the company acquired web-based document platform Octiv for an undisclosed amount. Octive helps to streamline document workflows by creating, sharing and analysing proposals, invoices, quotes and contracts. The acquisition was made to enhance Conga’s document services and management services.

Earlier in the week, Insight Venture Partners led the $37m Series B funding round of retail trader and investor social network TradingView.

Copyright 2018 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.