Savo Group raises $35m in Goldman-backed round


software binary code computerSales software company Savo Group has raised $35m in a round led by Goldman Sachs and backed by existing investors Sterling Partners and SAP Ventures.

The round brought Savo’s fundraising total to $84m.

The company said it will used the funds to expand its global operations and further develop its suite of sales and marketing software.

Last year Savo made the add-on acquisition of digital postcard technology company StoryQuest and launched a number of new products.

Managing director for Goldman Sachs Private Capital Investing Michael McGinn said, “SAVO has consistently demonstrated excellent year-over-year growth and is executing ambitious plans to continue to serve the sales enablement industry.

“The company’s solutions enable sales reps to be more efficient, effective and engaging, resulting in improved productivity, increased sales cycle predictability and most important of all, more closed deals. We look forward to seeing them execute their vision on a global scale.”

Last month Goldman led a $35m round for enterprise collaboration software company Clarizen.

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