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Today: October 2, 2024
April 15, 2024
1 min read

SaaS startup Clientell secures $25M with Blume Ventures backing


TLDR:

Clientell, a SaaS startup, raised $2.5 million in seed funding led by Blume Ventures. The funds will be used to strengthen the product and expand the team. The company had previously raised $600,000 from other investors. Clientell uses AI to improve productivity for enterprises.

  • Clientell raised $2.5 million in seed funding led by Blume Ventures.
  • The funds will be used to strengthen the product and expand the team.

Full Article:

Clientell, a software provider focusing on sales forecasting and pipeline assessment for enterprises, announced that it has secured $2.5 million in seed funding. Blume Ventures led the funding round, with participation from Chiratae Ventures, Artha Venture Fund, and Z5 Capital. The company, based in Bengaluru, previously raised $600,000 from Chiratae Ventures and Artha Venture Fund.

Clientell uses artificial intelligence to enhance productivity, reduce costs, and improve data quality for enterprises. The startup tailors its forecasting processes and machine learning models to individual customers. Its users are primarily chief revenue officers and go-to-market leaders who leverage AI to optimize sales processes and pipeline governance.

Founded by BITS Pilani alumni Saahil Dhaka and Neil Sarkar, Clientell aims to provide useful AI products to enhance the performance of salespeople, CRM developers, and GTM leaders. The company is currently collaborating with growth-stage SaaS companies and large pharmaceutical firms to improve revenue intelligence and predictability.

Sanjay Nath, founder and managing partner at Blume Ventures, believes that an AI-driven approach will empower sales teams to gain deeper insights into deal progress and revenue targets. Clientell’s focus on addressing revenue leakage and enhancing revenue intelligence sets it apart in the market.

In conclusion, Clientell’s latest funding round will enable the company to further develop its AI-driven solutions and expand its reach within the enterprise sales segment. By leveraging technology to provide actionable insights and improve productivity, Clientell is poised to make a significant impact on the industry.


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