Round of the Week – SAVO

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Sales productivity powerhouse SAVO has won our Round of the Week with their $35M Series C raise. Proceeds from the round will be used to further develop their product suite and fuel global expansion.  We are intrigued by all the CRM-inspired tools available to Sales teams today (SFDC, Yesware, InsideSales, etc.) and think SAVO can make a serious dent in the $20B/yr CRM industry.

Name: SAVO Group

Website: www.savogroup.com

Funding to Date: $84M ($10M A, $10M B, $10M Debt, $35M C, ~$19M Unknown)

Deal Notables: While the CRM industry has only really taken off with the proliferation of ubiquitous internet access for all corporations (re: Salesforce.com), SAVO has actually been providing sales enablement tools since 1999.  Given its atypical funding to date and long tenure since inception/initial funding (2005 according to our research), we wonder if/how the original investors have exited their investment (secondary capital?) or if they have had to let it ride…

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One thought on “Round of the Week – SAVO

  1. Pingback: Monday Morning Memo | Capital: Ventured.

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