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.
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:
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.
About AllegoAllego elevates sales performance by combining training, practice, coaching and knowledge sharing into one app. It uses mobile, video, and peer collaboration to reinvent learning for the dynamic needs of sales teams. Allego’s speed and consumer app design match the pace of even the most hard-charging salespeople. If you can use Netflix, you can use Allego. With Allego, sales teams onboard faster, confidently deliver the right messaging, rapidly adopt best practices, coach and practice more frequently, and collaborate broadly with peers and the home office. Nearly 100,000 sales professionals across financial services, technology, life science and other industries use Allego to ensure they bring their A game to every customer conversation. Explore further at www.allego.com.
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