Customer and partner expansion and industry recognition signal rapid adoption of company’s sales and learning platform together with funding led by General Catalyst
Allego, the sales learning and coaching platform, today announced the close of a strong quarter, in which the company added key new customers, renewed 100 percent of its existing customer base and garnered solid industry recognition for its mobile-friendly sales learning platform. Allego also announced it has closed a $7.5M investment led by General Catalyst.
“Partnering with visionary sales and training leaders and our team’s focus on ensuring their success continued to drive great results for both Allego and our customers in the first half of 2018”
Click to tweet: Strong growth and 100% customer renewal for Allego and investment from General Catalyst show latest signs of modern learning transformation gaining steam
“Partnering with visionary sales and training leaders and our team’s focus on ensuring their success continued to drive great results for both Allego and our customers in the first half of 2018,” said Yuchun Lee, CEO and co-founder of Allego. “We’re excited to see the modern learning paradigm — characterized by easily created and absorbed content, provided continuously and in bite-sized pieces, with reinforcement and support for informal learning — rapidly gaining traction across sales training and corporate L&D.”
Other highlights from the second quarter ended June 30, include:
New and Renewing Customers: Notable brands adopting the Allego platform for modern learning include Brown & Brown, Inc. and Incapital LLC in the insurance and financial services category; CloudHealth Technologies, Crimson Hexagon, Liaison Technologies, Talend and TripAdvisor in high tech; and Augmenix and Wright Medical Group in the life sciences. Allego also renewed 100 percent of its existing customers during the quarter.
Growth: Allego’s first half 2018 revenue grew 67 percent compared to the first half of 2017. The company closed Q2 with 114 percent growth in SaaS subscription bookings over the previous quarter.
Sales Success Summit: This spring, nearly 200 customers, partners, and other sales leaders attended Allego’s second annual Sales Success Summit (S3) customer conference.
As it has since inception, Allego continues to fund its growth through positive operating cash flow. Its first institutional investment brings a strong partner in General Catalyst to help evangelize and mature the market while supporting Allego as the company continues to grow and scale.