US and Indian based Vymo, an app that helps the field sales teams to manage their work, has secured $18 Million in the funding round of Series B, led by the Emergence Venture Capital.
Some of the existing investor, Sequoia Capital, also participated in the round. The company operates as Vymo Inc, in the USA and Vymo Solutions in India.
The investment will help Vymo official US launch with the headquarters in New York, and drive growth in the global markets, according to the report.
“When it comes to evaluating SaaS investment opportunities, the focus is often on lagging indicators such as churn and revenue growth,” said Jake Saper, Partner with Emergence Capital, who joins Vymo’s board as part of the financing. “But the characteristic our most iconic companies have in common at the time of our investment is a passionate group of highly engaged customers. With its exceptionally high user adoption metrics and steadily expanding user base—100,000 salespeople at over 50 global enterprises and counting—Vymo is delivering transformational value.”
Vymo was founded in the year 2013 by the Venkat Malladi and Yamini Bhat. Before this, Malladi was a part of the team that built the Google Mobile while Bhat previously worked at the consultancy firm McKinsey & Co.
Vymo is a personal assistant app for the service and enterprise sales team. The company uses signals and context like the phone calls, calendar, location, time of the day and so on to understand essential actions the sales representative needs to take and hem them to prioritize the decisions.
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