SaaS Startup Zomentum Rises $13 Million from Elevation Capital, Accel & Greenoaks

SaaS based sales acceleration platform, Zomentum has raised $13 million in funding from Elevation Capital, Accel and Greenoaks Capital. The round also saw participation from Eight Roads Ventures. The startup had earlier raised $4.1 million in seed capital in July 2020.

Founded in 2018, Zomentum helps IT channel partners and enables SMBs to leverage the best of the breed IT solutions. Based in San Francisco, and with an R&D center in Bangalore, the company’s suite of tools addresses every requirement of a growing MSP business. With its cloud-based delivery model Zomentum also ensures seamless business continuity for clients.

Rahil Shah, Co-founder and CTO, Zomentum, said, “I think Zomentum is perfectly poised to leverage the advances in data science. Building a data-ready platform with a solid foundation to bring in AI enhancement has led us to the point where our customers will soon be able to mine actionable insights and make smart business decisions."

Shruti Ghatge, Founder & CEO, Zomentum, said, “Zomentum has already demonstrated its immense value as a powerful platform for IT channel sales and already fuels more than $100 million worth of IT transactions. The software is ready to augment IT sales further using data-science and Machine learning.” According to a statement by the company, Zomentum has seen exponential growth in the last 12 months to an IT channel standard and has been gaining new customers through peer referrals.

“We're here to continue our commitment to our MSP partners to build an efficient sales engine that grows their business and makes a mark in the IT channel community,” said Shruti.