Savo provides enterprise-level clients with a SaaS platform that focuses on improving the productivity of a business’ sales team. The platform itself ties in various marketing, sales, and operations functions (via integration with Salesforce, various CRM services, and others), which helps businesses set better goals without wasting time trying to determine what works and what doesn’t.
The startup said it plans to use the additional capital to expand its operations across the globe as well as further develop its suite of sales productivity applications.
The new round was led by Goldman Sachs with participation from existing investors Sterling Partners and SAP Ventures. As part of the funding deal, Savo is also appointing Goldman Sachs exec Michael McGinn and Goldman Sachs investor Holger Staude to its board of directors.
Founded in 1999, the Chicago-based startup has raised $84 million in total funding to date.