February 26, 2021

Qualgro leads $eight million Sequence A spherical in SaaS agency Hevo

SaaS platform Hevo has raised $eight million in its Sequence A funding spherical led by Qualgro, a Singapore-based enterprise capital agency, together with former Stripe prime govt Lachy Groom, because it appears to be like to develop into new markets.

Present traders Chiratae Ventures and Sequoia Capital India’s Surge additionally participated within the spherical.

Hevo helps companies in integrating a number of sources of information from features corresponding to gross sales, advertising, operations, and finance, enabling firms to watch their efficiency metrics and make selections in real-time.

Small to medium-sized firms use greater than 40 completely different SaaS purposes and these information silos stop them from seeing a full image of their clients’ journey, making it tough for companies to watch efficiency metrics, the startup mentioned.

“We allow firms to get rid of information silos with out having to set-up an engineering staff to construct and keep advanced integrations with a number of techniques,” Manish Jethani, co-founder of Hevo, mentioned. The corporate largely focuses on on-line commerce, monetary expertise and healthcare sectors, which rely closely on buyer information to drive gross sales.

Based in 2017 by IIT alumni Jethani and Sourabh Agarwal, Hevo at the moment has clients in the USA, India, France, Australia, and Hong Kong. Its shoppers embrace Marqeta, a US-based funds firm valued at over $four billion.

The proceeds from the Sequence A spherical will likely be used to speed up Hevo’s world geographic growth, in addition to constructing a staff throughout expertise, gross sales, and advertising features.