Total amount raised
$45 Millions
Latest funding date
2/1/2022
Location
Vymo has successfully raised significant funding over multiple rounds, with its latest being a Series C. The platform is designed to enhance sales and collections processes for financial institutions.
Keep reading to explore the intricacies of Vymo's fundraising journey and the investors backing this innovative platform.
What Is Vymo?
Founded in 2013 by Venkat Malladi and Yamini Bhat, Vymo is headquartered in Sunnyvale, California. The company specializes in a sales engagement platform designed to boost productivity and engagement for financial institutions.
Vymo's platform leverages intelligent nudges and industry playbooks to address over 18 use cases for frontline personnel, sales managers, and business heads. It is trusted by more than 65 global enterprises, including Berkshire Hathaway and BNP Paribas.
With a workforce of 501-1000 employees, Vymo continues to innovate in the sales and collections space, transforming processes for financial institutions worldwide.
How Much Funding Has Vymo Raised?
- Series A
- Amount Raised: $5M
- Date: November 2016
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and enhance the platform's capabilities for financial institutions.
- Series B
- Amount Raised: $18M
- Date: July 2019
- Lead Investors: Emergence Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and scale operations globally.
- Series C
- Amount Raised: $22M
- Date: February 2022
- Lead Investors: Bertelsmann India Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth plans in the US and Japan markets.
Total amount raised: $45M. Current valuation: Not publicly disclosed.
Key Investors
- Bertelsmann India Investments (BII)
- Details: BII is the strategic investment arm of Bertelsmann SE & Co. KGaA in India. It focuses on investing in early to growth-stage companies in various sectors.
- Investment Focus Areas: Digital, education, media, services
- Notable Investments: Pepperfry, Lendingkart, Shiprocket
- Emergence Capital
- Details: Emergence Capital is a venture capital firm that invests in early and growth-stage enterprise cloud companies. They focus on companies that are transforming the way people work.
- Investment Focus Areas: Enterprise cloud companies, SaaS, enterprise software
- Notable Investments: Salesforce, Zoom, Veeva Systems
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in seed stage, early stage, and growth stage companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, WhatsApp
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that focuses on early-stage investments in technology and healthcare sectors. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer internet
- Notable Investments: Byju's, OYO, Zomato
- Sequoia Capital India
- Details: Sequoia Capital India is a branch of Sequoia Capital, focusing on investments in India and Southeast Asia. They support companies across various stages and sectors.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Ola, Zomato, Freshworks
What's Next for Vymo?
Vymo stands at the cusp of a significant opportunity, particularly in the U.S. and Japanese markets, which together represent a $10 billion sales technology market. The platform's ability to manage remote sales teams effectively positions it well to capitalize on this growing need post-pandemic.
With the backing of prominent investors like Bertelsmann India Investments, Emergence Capital, and Sequoia Capital, Vymo is poised for future fundraising rounds to fuel its expansion. The company's impressive growth metrics and strategic partnerships with major firms like Microsoft and Salesforce further bolster its potential for continued success.
However, Vymo faces challenges in scaling operations across multiple countries and maintaining high user engagement. The competitive landscape in the sales technology market also demands continuous innovation to stay ahead. Despite these hurdles, Vymo's strong market presence and robust platform capabilities suggest a promising path forward.
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