Sunday, September 25, 2022
HomeInsightFunding Alert Vymo raises $22 mn in series C round from BII, Sequoia,...

[Funding alert] Vymo raises $22 mn in series C round from BII, Sequoia, others

Vymo
Vymo

Vymo, a sales engagement platform for Financial Institutions, has raised $22M in Series C funding round led by Bertelsmann India Investments (BII) with existing investors Emergence Capital and Sequoia Capital participating.

“2021 was a momentous year for us with more than 20% quarterly growth, 142% NRR, zero logo churn, entry into the US with wins like Berkshire Hathaway, and onboarding some of the largest Insurers in Japan. Sales tech is a more than $10 billion opportunity in just these two countries and this fundraise will help us accelerate our growth plans for these markets,” said Yamini Bhat, Co-founder and CEO.

As part of the financing, BII’s Rohit Sood, will be joining the company’s board.

“Vymo is building the next generation of intelligent sales automation tools driving huge and direct impact on its clients’ toplines across the globe. The engagement on the product is something we have never seen before in any product in any field. Yamini and Venkat’s market understanding and execution focus is exceptional and we are delighted to partner with them”, said Rohit Sood, Partner at BII.

Vymo is a personal assistant app for enterprise sales/service teams. It predicts what a rep/manager should do next, detects whether this has happened and links this to downstream metrics to drive better predictions.

Vymo has helped some of the world’s largest enterprise field teams get almost 2X productivity uplift; resulting in 30-50% higher sales within 3 months of launch.

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