Stotles raised $6.5 million in a seed funding round led by Headline, and joined by Form Ventures, GTMFund, Speedinvest, FJLabs, and 7Percent.

Stotles, a London, UK-based SAAS developer, announced a new seed funding round closed at $6.5 million.

The money was raised from investors led by Headline, and joined by Form Ventures, GTMFund, Speedinvest, 7Percent Ventures and FJ Labs The Berlin-based angel investor Matthias HiIpert also contributed to the round.

Stotles, founded in 2019 by Carsten Schaltz, Taj Kamranpour and CEO John Witt, develops sales intelligence software-as-a-service to help small and medium-sized businesses grow their business with the government. The company's SAAS is still in beta and has already paying customers including Freshworks and UiPath.

This is the second seed round announced by Stotles, after an initial 2020 £1.4 million equity raise transaction led by Speedinvest and including contributions from 7Percent Ventures, FJ Labs and angel investors Matt Robinson, Carlos Gonzalez-Cadenas, Charlie Songhurst, Will Neale and Akhil Paul.