Oakglen’s Technology & Innovation (T&I) fund has agreed to sell Sales-i, a leading UK and US provider of sales intelligence software.

Oakglen first invested in Sales-i in 2009, and has invested in multiple rounds since, supporting the development of its market-leading technology solutions and its expansion into the US market. The Oakglen team has worked closely with the Sales-i founders and senior management team, advising on product, strategy and ultimately supporting the company through its sale to SugarCRM, an Accel-KKR portfolio company.

Sales-I is a good example of Oakglen’s investment experience in the B2B SaaS space, with revenue growing more than 10x during our investment period, driven largely by the company’s growth in the US market, delivering over 70% of revenue by exit. Oaklgen was also able to support the founders’ product development ambitions, most notably the recent development of Sales-ai, a transformative use of AI to deliver data-led sales intelligence.

Sales-i CEO & Co-founder Paul Black says: “We have been on an amazing journey with Oakglen’s support. More than just a capital provider, Oakglen’s extensive technology expertise has been critical to our success.”

Nick Crawford, Oakglen Group Co-CEO, says: “We are extremely proud to have partnered with Paul and Kev, supporting their ambitions to deliver market-leading sales intelligence software across the UK and US markets.  This successful exit is testament to the product they have built and it’s strategic value to Sales-I’s customers.”