Vymo, a financial institution's Intelligent Sales Engagement platform, has secured $22 million in a Series C fundraising round headed by Bertelsmann India Investments and included previous backers Emergence Capital and Sequoia Capital. As part of the deal, BII's Rohit Sood will join the company's board of directors.

Co-founder and CEO Yamini Bhat stated, “2021 was a momentous year for us: 20 percent + quarterly growth, 142 percent NRR, zero logo churn, entry into the US with wins like Berkshire Hathaway, and onboarding some of the largest Insurers in Japan. Sales tech is a $10 billion+ opportunity in just these two countries and this fundraise will help us accelerate our growth plans for these markets.”

Coaching remote sales staff in the aftermath of the epidemic has become a big difficulty for companies. Sales managers are unable to monitor their people in action, and a lack of timely coaching and interventions is causing 40% turnover and a productivity breakdown in sales teams. CRMs, which are used by 30% of sales teams, do not capture the behavioural signals needed to uncover skill-will gaps and provide sellers and managers with proactive advice.

According to Rohit Sood, a partner at BII, “Vymo is building the next generation of intelligent sales automation tools driving huge and direct impact on its clients’ toplines across the globe. The engagement on the product is something we have never seen before in any product in any field. Yamini and Venkat’s market understanding and execution focus is exceptional and we are delighted to partner with them”.

Vymo is headquartered in San Francisco and has offices in Singapore, Bengaluru, and Tokyo. It was launched in 2013 by Yamini Bhat, McKinsey alum, and Venkat Malladi, Google alum.