Attentive closes $1.2M Seed round with Indico and Mangrove

Dear Friends and Supporters,

We are proud to announce our investment in Attentive with our friends from Mangrove Capital Partners. If you think sales teams performance is important see below!

Kind Regards,
Stephan Morais
Managing General Partner
The new Slack integration launched today allows Salesforce and Hubspot customers to improve sales performance

Attentive, a Portuguese startup and Techstars Boulder alumnus, announces today the closing of a $1.2M Seed round co-led by Lisbon based Indico Capital Partners and Luxembourg based Mangrove Capital Partners. This also marks Mangrove’s first investment in Portugal.

The software company releases today the first augmented sales assistant. Attentive helps sales teams keep up with their sales pipeline, and guides managers proactively towards an efficient allocation of resources and closing more deals.

The new Attentive app works seamlessly with the Slack platform, quickly becoming a part of sales teams’ routine. With this new integration sales teams can update their CRMs without even opening it.

Daniel Araújo, co-founder and CEO, explains: “During my time at Google London I’ve found that a very common problem in sales teams is that more than 1/3 of their time is "lost" in administrative tasks. The future of sales is an increasingly personalized and human take on business relationships, and this kind of approach takes time and dedication. Technology should aim towards more efficient time management, which is what Attentive helps sales teams achieve”.

Stephan Morais, Managing General Partner at Indico, is optimistic about this project. “We are very happy to be part of the Attentive journey. Enterprise sales and data are two crucial areas in today’s software world if you want to be competitive. Attentive is the intelligent layer that merges these and they are doing it at the right time. Moreover, the team has the resilience, technical ability and global network to take the company to the next level“.

Yannick Oswald, Principal at Mangrove adds: “We are excited to work with Attentive on their vision to revolutionize enterprise sales, an industry that is still dominated by static workflows and reporting tools. By automating sales data input for teams across CRMs and industries, Attentive’s AI collects millions of sales actions that go beyond mere transactional database records and can guide users towards behaviors that achieve much better sales outcomes. The high daily engagement of our users proves that we are solving a massive pain point.”

Attentive’s proactive sales assistant is now available on Slack’s App Directory, and hopes to see their customer portfolio grow exponentially over the next few months. The Portuguese startup has several career opportunities open, in software development, marketing and sales.

About Indico Capital Partners
Indico Capital Partners is a leading institutional independent early stage VC fund in Portugal. The experienced Partner team works to identify, invest and nurture the most promising Portuguese and Spanish early stage startups in the areas of B2B SaaS, Artificial Intelligence, Marketplaces, Fintech and Cybersecurity and B2C Platforms. Indico invests between 150 thousand and 5 million Euros per company. The team previously invested in companies such as Farfetch, Unbabel, Codacy and Talkdesk, amongst other Portuguese based global success stories.

About Mangrove Capital Partners
Mangrove Capital Partners is a contrarian, bold but patient investment firm helping innovative entrepreneurs start and grow global, disruptive companies. Mangrove is one of Europe’s leading early-stage venture capital firms and notably backed companies such as Skype, Wix, Letgo, Walkme and Redpoints.

Horizon 2020, EFSI and Portugal Tech
Indico VC Fund I is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Funds for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. It is also co-financed by Fundo de Capital e Quase Capital (FC&QC) managed by IFD - Instituição Financeira de Desenvolvimento, S.A. through the Portugal Tech facility managed by the European Investment Fund (EIF).

Copyright © 2019 Indico Capital Partners, All rights reserved.

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