How Much Did Vitally Raise? Funding & Key Investors

Vitally has successfully raised $30 million in a Series B funding round, led by Andreessen Horowitz and supported by three other investors. The platform is designed to enhance Customer Success teams' productivity, visibility, and collaboration.

Keep reading to explore the intricacies of Vitally's fundraising journey and the investors backing this innovative platform.

What Is Vitally?

Vitally, founded in 2017 by Jamie Davidson and Patrick Vatterott, is a customer success platform headquartered in New York, New York. The company operates in various industries, including analytics, B2B, data visualization, internet, productivity tools, and SaaS.

With a team of 51-100 employees, Vitally aims to maximize productivity, visibility, and collaboration for Customer Success teams. The platform integrates customer data to provide a comprehensive view of key metrics, enabling clients to set up health scores, notifications, and automation playbooks.

How Much Funding Has Vitally Raised?

1. Pre-Seed Round
   • Amount Raised: $120,000
   • Date: July 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of Vitally's customer success platform.
2. Pre-Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2019
   • Lead Investors: 2048 Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and expand initial market reach.
3. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: September 2019
   • Lead Investors: 2048 Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product features and scale operations.
4. Series A
   • Amount Raised: $9,200,000
   • Date: June 2021
   • Lead Investors: Andreessen Horowitz
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and accelerate product development.
5. Series B
   • Amount Raised: $30,000,000
   • Date: February 2023
   • Lead Investors: Next47
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To integrate productivity tools and improve project tracking efficiency.

Total Amount Raised: $39,320,000. Current Valuation: Not publicly disclosed.

Key Investors

• Andreessen Horowitz
  • Details: Andreessen Horowitz is a private venture capital firm that invests in early-stage and growth-stage technology companies. They have a strong reputation for backing innovative startups.
  • Investment Focus Areas: Technology, software, internet companies.
  • Notable Investments: Facebook, Airbnb, Slack.
• Next47
  • Details: Next47 is a global venture firm backed by Siemens, focusing on innovative startups. They aim to drive digital transformation and industrial innovation.
  • Investment Focus Areas: Technology, industrial innovation, digital transformation.
  • Notable Investments: Not publicly disclosed.
• HubSpot Ventures
  • Details: HubSpot Ventures is the investment arm of HubSpot, focusing on startups that align with HubSpot's mission to help businesses grow better.
  • Investment Focus Areas: SaaS, marketing technology, customer relationship management.
  • Notable Investments: Terminus, Blissfully, Aircall.
• NewView Capital
  • Details: NewView Capital is a venture capital firm that invests in early-stage technology companies. They focus on growth-stage investments.
  • Investment Focus Areas: Technology, SaaS, innovative startups.
  • Notable Investments: Duolingo, Plaid, Scopely.
• 2048 Ventures
  • Details: 2048 Ventures is an early-stage venture capital firm that invests in technology startups. They are known for their hands-on approach with portfolio companies.
  • Investment Focus Areas: Technology, SaaS, internet.
  • Notable Investments: Not publicly disclosed.

What's Next for Vitally?

Vitally stands at the cusp of significant growth, driven by the increasing demand for integrated productivity and customer management tools. With the recent $30 million Series B funding, the company is poised to enhance its platform, streamline workflows, and expand its market share in the customer management software industry.

Future fundraising opportunities appear promising as Vitally continues to attract investor confidence. The company's focus on unifying disparate customer data and improving project tracking efficiency positions it well for further financial backing. However, challenges such as competition from other providers and the need to keep up with technological advancements remain.

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