The funding will help Bravado accelerate growth. Here are the top-line bullets you need to know.
Bravado, an online community for salespeople, has raised $26M in a Series B. The round drew participation from AirAngels, Freestyle Capital, Tiger Global Management, and XYZ Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Bravado offers sales training/support tools and enables B2B professionals to connect with employers.
- Bravado currently has $4M in annual recurring revenue, up from $0 just 7 months ago.
- The company has a network of 200K+ members across 72 countries, up from 10K in January 2021.
- Its network includes sales professionals from over 30K tech companies, including Google, Uber, Salesforce, Facebook, Apple, and Adobe.
- The company recently acquired Compgauge, a provider of compensation data, to enhance its talent marketplace.
Source: Bravado
WHY DOES THE MARKET MATTER?
- The global online recruitment market is expected to reach a value of $43.4B by 2027, growing at a CAGR of 7.1%, according to Fortune Business Insights.
- The rising number of job openings, the shift toward outsourcing recruitment, and the increased adoption of social media have contributed to market growth.
- Sales professionals have been in high demand despite the pandemic-induced volatility in the broader jobs market. The number of sales job openings surpassed the number of salespeople on the market by 4.3M at the end of 2021.
