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
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…