Apollo, founded in 2015 and based in Covina, California, is a data intelligence and sales engagement platform that helps sales professionals find ideal buyers by providing key contact details. The company, formerly known as ZenProspect, offers services including direct dial phone numbers, up-to-date business emails, and job titles.
Since its inception, Apollo has shown significant growth, raising a total of $251.32 million across multiple funding rounds. The company's most recent Series D funding round in August 2023 raised $100 million, led by Bain Capital Ventures, valuing the company at $1.6 billion. This represents a substantial increase from its $900 million valuation following a $110 million Series C round in January 2022.
Apollo's impressive funding history and rapid valuation growth have naturally led to speculation about a potential initial public offering (IPO). However, as of now, there are no official announcements or confirmed plans regarding an Apollo IPO. The company's future plans for going public remain uncertain.
Several factors could influence Apollo's decision to go public, including market conditions, the company's financial performance, and its long-term strategic goals. Apollo's competitive position in the sales and marketing tools industry, with its platform used by over 500,000 firms, may also play a role in any future IPO considerations.
Investors interested in Apollo should note that as a private company, its shares are not currently available for public trading. Any investment opportunities would be limited to private transactions or potential future public offerings, should they occur. As always, potential investors should conduct thorough research and consider seeking professional financial advice before making investment decisions.
While Apollo's IPO prospects remain uncertain, investors eager to gain exposure to private equity firms don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the financial services sector. Our platform allows you to diversify your portfolio with lower minimum investments than traditional private equity opportunities, potentially benefiting from the growth of emerging industry leaders before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.