The funding will help BoostUp advance its enterprise solution. Here are the top-line bullets you need to know.
BoostUp, a revenue operations and intelligence (RO&I) platform, has raised $28.5M in a Series B. The round drew participation from Benhamou Global Ventures, Canaan Partners, Emergent Ventures, and NGP Capital.
HOW’S THE COMPANY PERFORMING?
- California-based BoostUp helps revenue teams unify data to derive accurate sales forecasts, standardize sales processes, enhance productivity, increase win rates, and predict revenue growth.
- BoostUp’s ARR tripled in FY’21.
- The company has over 50 customers, including Udemy, Cloudflare, Teradata, and Degreed.
- The startup is supported by a team of over 100 employees, and it maintains an office in Santa Clara.
Source: BoostUp
WHY DOES THE MARKET MATTER?
- The global sales intelligence market is expected to reach a value of $3.8B by 2025, growing at a CAGR of 12.3%, according to KBV Research.
- Software solutions that help enhance customer targeting and connect rates are increasingly being recognized as providing a competitive advantage, which has contributed to market growth.
- Organizations have turned to sales intelligence solutions in order to identify and capitalize on new revenue opportunities amid the pandemic.
