Total amount raised
$131 Millions
Latest funding date
05/01/2022
Location
Vivun has successfully raised significant funding over multiple rounds, with its latest being a Series C round closed on May 17, 2022. The platform leverages AI to enhance sales engineering and presales processes, offering products like AVA and VivunAI.
Keep reading to explore the intricacies of Vivun's fundraising journey and the investors backing this innovative platform.
What Is Vivun?
Vivun, founded in May 2018, is headquartered in Dover, Delaware. The company was established by Claire Bruce, Dominique Darrow, John Bruce, Joseph Miller, and Matthew Darrow.
Vivun specializes in AI-powered solutions designed to enhance sales engineering and presales processes. Their platform helps organizations increase sales velocity, improve technical validation, and align product features with market needs.
With a team of 51-100 employees, Vivun offers products like AVA and various tools for technical discovery, enabling companies to accelerate revenue and drive efficiency across every stage of the sales process.
How Much Funding Has Vivun Raised?
- Seed Round
- Amount Raised: $3M
- Date: November 2019
- Lead Investors: Unusual Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI-powered sales engineering platform.
- Series A
- Amount Raised: $18M
- Date: October 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series B
- Amount Raised: $35M
- Date: February 2021
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance AI capabilities.
- Series C
- Amount Raised: $75M
- Date: May 2022
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into the EMEA region and invest in core products and AI capabilities.
Total Amount Raised: $131M. Current Valuation: Not publicly disclosed.
Key Investors
- Salesforce Ventures
- Details: Salesforce Ventures is the venture capital arm of Salesforce, focusing on enterprise cloud companies. They aim to accelerate the growth of the next generation of enterprise technology solutions.
- Investment Focus Areas: Enterprise cloud companies.
- Notable Investments: DocuSign, Zoom, Twilio.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital for seed through growth technology companies. They have a strong track record in both consumer and enterprise sectors.
- Investment Focus Areas: Consumer technology, enterprise technology.
- Notable Investments: Uber, Roku, Warby Parker.
- Accel
- Details: Accel is a venture capital firm that invests in early-stage and growth-stage technology companies. They have a global presence and a history of backing successful startups.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Facebook, Dropbox, Slack.
- Unusual Ventures
- Details: Unusual Ventures focuses on early-stage investments in enterprise and consumer startups. They aim to provide more than just capital, offering hands-on support to their portfolio companies.
- Investment Focus Areas: Early-stage enterprise, early-stage consumer startups.
- Notable Investments: Robinhood, Carta, Harness.
- Tiger Global
- Details: Tiger Global is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They have a significant presence in both venture capital and public equity markets.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
What's Next for Vivun?
Vivun's future looks promising as it plans to expand its success in North America to the EMEA region. This move presents a significant opportunity to tap into new markets and drive growth. The company is also focused on enhancing its core products and AI capabilities, which are crucial in meeting the increasing demand for Buyer Experience (BX) software.
Given the successful Series C funding round, future fundraising opportunities seem likely. The involvement of prominent investors like Salesforce Ventures and Tiger Global indicates strong confidence in Vivun's potential. However, challenges such as establishing a presence in the EMEA market and continuously innovating to stay ahead of competitors will need to be navigated carefully.
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