PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (2024)

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (2)

If your clients are start-ups and SaaS businesses, you’re probably struggling with a ton of competition.

Because — everyone is trying to chase them 😆

But today I’ll show you the growth hack that helped us close a lot of raising start-ups as clients!

The whole idea is that we need to find the best time to reach out to a start-up. Always is the best timing you may say, but when it comes to start-ups & SaaS companies — there is an ideal timing.

It’s when the company raises funding!

This is the moment when they have resources & are ready to spend money but still don’t work with anyone seriously yet. For our strategy this is — targeting SaaS businesses who just rased “Seed” rounding.

So today I’ll show you a step-by-step guide on how we did it:

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (3)

The very first step for us is to find companies that actually raised funding recently. There are a few platforms that gather this information, like Crunchbase, Apollo & others. In this example, I’ll show how it’s done with Apollo (because I personally use this tool & this is a real example 🙂).

Apollo is a well-known tool for searching & sending outreach campaigns via cold emailing. Their search engine is pretty great for sales purposes (even though it’s not perfect, it’s fine for this specific use case).

This is the list of all filters Apollo provides by default (but no worries, we don’t need them all 😂):

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (4)

1. The very first filter we’ll use (always for this approach) is — “Funding”:

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (5)

Here are 2 important things we need to know:

  • Make sure you clearly understand the difference between companies that raise different rounds. For example, those who raised Angel rounds usually don’t have enough funding & overall business generating revenue, usually these start-ups are on the pre-MVP stage & you need to make sure you know this before you’re reaching out to them.
  • The funding itself IS important, but the date when this company raised money is EVEN MORE important! Here is the thing, you’re not the only one who wants to catch those who just raised money (spoiler, everyone tries to reach out to startups who just raised funds), and with a high probability these start-ups start working with someone (if you’re a service business) or implement some tools (if you’re a SaaS) during the first 60–90 days after money raised. So the time factor here is crucial.

2. So in this case we’ll use the timeframe of 90 days & also we’ll focus on seed-round start-ups:

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (6)

In this case, we’ve chosen the “Seed” round — at this stage usually, only the C-level (like CEO, CTO, or C-something else) are the real & only decision-makers in the company. Since the team isn’t big enough and there are no “departments”, the main decisions are made only by the co-founders team. So for people’s filtering, I’ve chosen only “C-level”:

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (7)

Now we have the list of C-level (and Co-founder) people in start-ups who just recently raised money. It’s time to export this list, personalize the outreach with icebreakers & connect with them!

3. So basically now, select every person in the results, and click “Export”:

PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (8)

It’s time to prepare some personalization!

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PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (9)

Again, we’re not the only ones who want to chase for these people. The thing is, this audience is extremely sweat:

  1. They just raised money & ready to invest it
  2. They may implement innovative ideas
  3. They are fast enough

So everyone wants to reach out to them to sell their services & software tools.

We could be one of “another John or Helen” who writes to them, OR we can stand out with clear personalization in our outreach.

So now our goal is to prepare the campaign copywriting using personalized icebreakers.

For this, we’ll use … 🥁… GPT!

So basically, we’ll upload the list of people we get directly to GPT and based on the information Apollo gave us, we’ll be able to create the personalized icebreakers.

To continue reading PART 2 & 3 [UNGATED] — click here

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PART 1 — How to Find Recently Funded Startups and Convert Them Into Leads (2024)
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