- Sales engagement platform Vymo has raised $22 million in Series C funding.
- The investment round was led by Bertelsmann India Investments, and featured participation from existing investors Emergence Capital and Sequoia Capital.
- The funding comes after a year in which the San Francisco, California-based company recorded quarterly growth of more than 20% and 142% net revenue retention.
In a round led by Bertelsmann India Investments, and featuring participation from existing investors Emergence Capital and Sequoia Capital, intelligent sales engagement platform Vymo has secured $22 million in Series C funding. The investment takes the company’s total capital to $45 million, according to Crunchbase.
Calling 2021 “a momentous year,” Vymo CEO and co-founder Yamini Bhat pointed to quarterly growth of more than 20% and 142% net revenue retention, as well as new partnerships with Berkshire Hathaway and Max Life Insurance, as examples of the company’s recent success. Bhat added that the Series C funding will help Vymo accelerate its growth plans in markets like the U.S. and Japan. “Sales tech is a $10B+ opportunity in just these two countries,” she said.
A Finovate alum since 2018, Vymo enables frontline sales representatives to report data and learn how to best engage their customers. The company’s app serves as a personal assistant, predicting what the representative should do at key stages of the customer engagement process, detecting whether the recommended action has taken place, and recording outcomes in order to drive better predictions in the future. With more than 200,000 users around the world, Vymo’s activity capture, intelligent nudges, and ability to construct industry playbooks help improve sales outcomes and provide business leaders with insights that help them plan and execute sales and business strategies.
Vymo finished 2021 with the appointment of Deepak Keni as Chief Customer Officer for Asia. The company said that the addition of Keni was “a commitment to deliver real business outcomes from digital transformation projects” in the region. The company also was recognized by Gartner in December as a Representative Vendor in its 2021 market guide for Sales Engagement Applications.
“We started Vymo with a mission to unleash the full potential of each salesperson – to help them become a trusted advisor to their customers and partners,” Bhat said when the company’s inclusion in Gartner’s guide was announced. “After 60+ deployments around the globe, we have demonstrated how bottom-up behavioral changes are integral to driving business outcomes.”
Headquartered in San Francisco, California, Vymo was founded in 2013. The company most recently demoed its technology on the Finovate stage last year at FinovateFall.
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