Qstream provides sales acceleration software that helps large organizations drive revenue through science, data, and mobile technology. Led by CEO and co-founder Duncan Lennox and based in Burlington, MA, the company has offices in Boston, San Francisco, Dublin, and London. Qstream serves more than 300 global brands across technology, financial services, and pharmaceutical sectors, including LinkedIn, Mastercard, Sun Life Financial, Pfizer, and Bristol–Myers Squibb. The company closed a $15M Series B round led by Polaris Partners, bringing total funding to $23M. Existing backers Frontline Ventures, Launchpad Venture Group and Excel Venture Management participated, and Gary Swart of Polaris joined the board. Qstream intends to use the funds to expand into US and EMEA markets. Qstream offers a SaaS mobile enterprise application that manages the human side of sales acceleration, combining a neuroscientific approach developed at Harvard and validated in more than 20 clinical trials. The platform is available in 12 languages and is deployed at scale across mobile and desktop environments. Qstream’s customers include eight of the world’s top 10 pharmaceutical firms and multiple market leaders in technology, financial services and health care. Led by CEO and co-founder Duncan Lennox, the company plans to use the new funding to accelerate expansion into the estimated $2 billion predictive analytics sector. Financially, the company closed a second tranche of Series A financing in January 2015, bringing total Series A commitments to $6.85M. Qstream offers a game-based, data-driven SaaS platform that delivers short, scenario-based daily challenges to sales reps on any device and uses game mechanics and analytics to drive engagement and coaching. The product is clinically proven to increase knowledge retention by up to 170% and lets managers measure team strengths in real time. Users typically spend about three minutes per day answering questions; Qstream has delivered more than 180 million questions in nine languages and has tens of thousands of registered users. Its customers include large life‑sciences, technology and financial-services brands such as Genentech, Boehringer Ingelheim, Intuitive Surgical, Oracle, SunGard, Rackspace and SunTrust. The company positions the platform for use cases like product launch support, competitive-threat management, and strategic business initiatives. Qstream plans to use the new funding to accelerate sales and marketing efforts in North America and Europe.

Total raised

$22M

Funding rounds

3

Latest round

Series B

Latest activity

Dec 2016