Revegy, Inc., the leading provider of business-to-business sales planning and execution technology, today announced that the company received $3 million in Series A funding from Runa Capital, a global growth-stage venture capital firm committed to building and scaling companies internationally.
World-class companies including SAS Institute, Intel Security, Roche, and Jasper Wireless and are already leveraging Revegy to improve sales efficiency, power new pipeline and drive increased revenue. The new funding round will accelerate Revegy's product roadmap to drive innovation that simplifies and transforms sales planning for B2B sales teams. Placing an emphasis on analytics and data integration, Revegy plans to introduce predictive analytics that will enable sales teams to more accurately pinpoint risks and recommend execution steps for avoiding lost deals. Deeper data integration with leading CRM and social media platforms will provide holistic views of relationships, internal and external influencers and deal progression.
'Our investment strategy is to focus on revenue generating companies that have global growth potential, and provide them with not only capital, but counsel and connections to move to the next level,' said Peter Bauert, Partner at Runa Capital. 'The sales enablement software market is continuing its significant growth trajectory and Revegy, already a disruptive force in the space, is taking advantage of their technology and position to become the clear leader.'
With this funding, Revegy will also increase focus on integrating account based marketing insights into its existing sales enablement platforms, which will allow companies to maximize opportunities within complex strategic accounts.
'Revegy is truly on the cutting edge of this fast-paced sales optimization marketplace, and we immediately recognized the company's innovative vision that capitalizes on the power of visuals to drive the critical thinking needed in complex selling situations,' said Chris Murphy, chief revenue officer for BlackLine, a global leader in finance controls and automation technology and a Revegy customer. 'We are excited about the possibilities of where Revegy can now take this powerful platform to reach even more B2B companies, and solve the unique challenges impacting revenue and growth in today's competitive selling environment.'
'The sales landscape continues to become increasingly more complicated and the need for technology that simplifies the process is becoming essential,' said Mark Kopcha, CEO at Revegy. 'Forward-thinking organizations like SAS Institute are recognizing the power of visualization in uncovering untapped revenue opportunities and empowering sales teams by driving the critical thinking needed to win. As more companies realize greater success, the market for these solutions continues to expand, with no end in sight.'
To learn more about Revegy, please visit http://www.revegy.com.
About Revegy
Revegy's technology makes sales planning and execution happen - providing process consistency and collaboration across all facets of a sales organization including strategic account, territory, channel and inside sales. Using our visual tools, sales teams gain efficiencies and sell more strategically and marketing have the insight they need to execute effective account-based marketing. Revegy guides you through every step of the way from account strategy and planning to deal execution. It helps navigate risks, gain competitive advantage and expand opportunities throughout the sales process so you can grow account revenue, win more deals and improve forecast accuracy. Revegy serves B2B sales organizations that have complex sales cycles and our customers include leading organizations such as SAS, Oracle, JDA, Informatica, Ryder, Fiserv, First Data, McAfee, Allscripts, QAD, SAP, mongoDB, Redhat and General Electric. For more information visit http://www.revegy.com.
About Runa Capital
Runa Capital was founded in 2010 by a group of successful serial IT entrepreneurs, each with significant experience building companies, and has since become a leading Global VC firm with European roots. Runa Capital is currently investing from Fund II, which focuses on early stage investments in cloud infrastructure and SaaS, including vertical solutions for the healthcare, finance and education industries. Runa Capital has invested in 44 companies across Europe and North America to date, including: Acumatica, Dr Chrono, Lendio, MariaDB, NGINX, Zopa and others. Runa Capital currently has offices in San Francisco and Moscow, for more information please visit http://www.runacap.com