“Digitization of entire economies is driving new tech adoption, innovative business models, evolving consumer and enterprise behaviors. The pace of acceleration has actually picked up this year vs last year”, Hans Tung from GGV Capital was quoted as saying this a few months ago.
The pace at which venture capital is being deployed into tech and salestech companies, 2021 witnessed major funding rounds. A number of platforms received funding for the first time during Q3 of 2021.
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July
1. Quantum Metric raised $200M
Customer experience software Quantum Metric raised $200M in a Series D Funding led by Bain Capital Ventures. After this, the total funding for the platform reached to $251M.
Quantum Metric is a fully-featured customer experience management software designed to serve small and medium enterprises. The platform offers end-to-end solutions designed for the web. The main features of the platform includes a unified dashboard, customer segmentation, multiple site management, embeddable maps, behavioral mapping and more.
2. XANT – AI Based sales engagement platform
Founded in the year 20004, XANT is an AI based sales engagement platform. As per the latest data, the funding for the platform stands at $139 M. The leading investors for the company are Zetta Venture Partners, EPIC Venture Fund, SharePost 100 fund and 7 other investors.
The platform allows you to manage and organize multiple sales teams from one place, it helps to auto-sync activity to your CRM and enables standardized workflows.
The funds raised are being used to enhance the experience of companies such as Cisco, American Express, John Hancock and Pluralsight.
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August
1. Walnut – a popular sales experience platform raises $15M
Walnut was founded in July 2020 and the aim of the founders was to create a no-code customized product demonstrations quickly for the companies. The tool can easily be integrated into any sales and marketing process.
The company raised $15M in Series A funding, which was led by Eight Roads Venture. The management stated that the funds raised are being used to continue the development of their sales experience platform.
2. Nektar.ai – B2B Sales productivity start-up raises $6 M
As a part of its second tranche of its seed round, Nektar.ai raised $6M from investors. The round was led by B Capital Group, Nexus venture partners and 3One4 Capital.
The total funding in the seed round reached $8.1M, taking the company to the list of the biggest Salestech fundings for the year. The funds are to be used to develop the software further and to increase sales productivity features.
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September
1. GTM Buddy Raised $2 Million
Sales-tech SaaS Startup GTM buddy raised $2 million in its Seed Round. The round was led by Stellar Venture Partners. GTM buddy is a sales enablement platform helping to accelerate deals and improve win-rates by cutting through the noise and helps to deliver relevant and valuable information to the prospective buyers.
The company management stated that the funds will be used to rapidly enhance the product capabilities and build the go-to market teams across marketing, sales and customer success functions.
2. CRM Platform Airtable raised $270M
Airtable is a CRM solution to manage all your sales and marketing things in one place. Businesses like restaurants, hotels can benefit from this. The platform successfully raised $270M in series E funding, where the lead investor was Sean Tiner.
3. Inside Sales Software Outreach raises $200 M
Whenever people talk about sales enablement software, Outreach is name that usually features on the top of the list. Outreach has received one of the biggest fundings in Q3 2021.
Led by Sands Capital, the inside sales software raised $200M in a series G round.
