- Over 50 global enterprises — including AXA, Allianz, VPBank, Sumitomo Life, 
DuPont and Generali — use Vymo's mobile-first Personal Sales Assistant to 
automate data capture, leverage contextual insights, and drive sales 
productivity increases of up to 35%

Vymo 
(https://www.getvymo.com/?utm_source=PR&utm_medium=press_release&utm_campaign=Vy
mo%20raises%20Series%20B%20from%20Emergence%20Capital), founded to help field 
sales teams operate more efficiently in a deskless environment, today announced 
it has raised $18M in Series B funding from Emergence Capital, an enterprise 
cloud venture capital firm that has previously invested in leading SaaS 
companies such as Salesforce, Box, Veeva, and Zoom. Existing investor Sequoia 
India also participated in the round.

The investment will fuel Vymo's official US launch with headquarters in New 
York. It will also drive continued growth in global markets, where Vymo works 
with some of the largest insurance and financial companies in the world—such as 
AXA, Allianz, AIA, Generali, and Sumitomo—as well as some of the largest banks 
in Asia Pacific.

Over 75% of Vymo's registered users login and take actions in the product every 
day, placing engagement levels at well over 2x the standard in horizontal CRMs. 
By automatically capturing engagement data, Vymo empowers sales teams to focus 
on high-value activities with prospects and customers. Vymo uses this rich 
contextual data to learn what the best salespeople in the organization are 
doing, and translates this into next best actions for the entire team.

Vymo demonstrates proven results when it comes to enhancing sales productivity 
metrics by up to 35% and maximizing the impact of CRM strategies, especially 
for Financial and Insurance enterprises. Organizations today are spending 
millions of dollars and many man-months deploying CRMs, but their sales teams 
have yet to realize business value from these investments. CRM engagement 
averages at less than 30%, largely because manual data reporting remains a 
challenge for field teams operating on-the-go. In a similar vein, research and 
advisory firm Gartner noted 
(https://blogs.gartner.com/todd-berkowitz/20161217-fearless_predictions/) 
"Field Reps Aren't Going to "Live" in [Sales Force Automation systems] ...That 
ship has sailed."

Watch Vymo in Action>> https://www.youtube.com/watch?v=9saePnvir4M

"When it comes to evaluating SaaS investment opportunities, the focus is often 
on lagging indicators such as churn and revenue growth. But the characteristic 
our most iconic companies have in common at the time of our investment is a 
passionate group of highly engaged customers. With its exceptionally high user 
adoption metrics and steadily expanding user base—100,000 salespeople at over 
50 global enterprises and counting—Vymo is delivering transformational value. 
It's the kind of company we at Emergence love partnering with—one that stands 
to drastically improve the day-to-day work lives of millions of people," said 
Jake Saper, Partner with Emergence Capital, who joins Vymo's board as part of 
the financing.

Shailesh Lakhani, Managing Director, Sequoia Capital, echoed these sentiments: 
"As early partners, we've seen Vymo grow rapidly across all metrics, but most 
importantly in avid adoption by mobile-first workers at some of the largest 
global enterprises," he said. "Vymo is uniquely positioned to become the 
standard by which sales and distribution is run in these institutions. Kudos to 
Yamini, Venkat, and the fantastic team they have built on their success so far. 
We are sure there is much more to come."

Growth and Expansion

Vymo has grown 3x y-o-y over the last couple of years with deployments across 7 
countries.

As Vymo has expanded its customer base, it has seen particular growth among 
major financial institutions. Over 80% of its customers are in the financial 
services sector, and over 90% of these represent large enterprises. This 
includes companies like AIA and AXA, where Vymo has been deployed in multiple 
countries to run both direct and agency sales. Claude Seigne, CEO of AXA 
General Insurance Thailand, says, "At AXA Thailand GI we are leveraging Vymo to 
help our sales teams have adequate and timely customer engagement, leading to 
deeper relationships and trust.'"

Vymo's entry into the US market comes at a key moment for the banking and 
insurance industries. According to the 2019 Accenture Global Financial Services 
Consumer Study 
(https://www.accenture.com/us-en/insights/financial-services/financial-services-
consumer-study-2019), banking and insurance customers want greater 
personalization services along with more efficient ways of integrating digital 
channels with physical customer interactions. Vymo enables these high-value 
interactions with prospects and customers through data and intelligence, thus 
also leading to an increase in customer trust and share of wallet.

Yamini Bhat, Co-Founder & CEO of Vymo, said, "We're excited to partner with 
Emergence Capital, and leverage their experience in building products and 
companies that offer deep end-user value by learning from behavioural data."

About Vymo

Vymo is a mobile-first Personal Sales Assistant that automatically captures 
data of sales activities, learns from the best sales reps in the organization, 
and suggests next best actions contextually. Vymo eliminates manual reporting 
of data into CRM systems, enables managers to make coaching interventions in 
the moment, and helps leaders plan their business with data-driven insights.

Vymo is used by 100,000 salespeople at over 50 global enterprises such as AXA, 
Allianz, AIA, Generali, and Sumitomo, and the top banks in APAC. The company is 
headquartered in the US and has offices in Singapore, Japan, Australia and 
India. Vymo has been recognized by Gartner as a Cool Vendor in the CRM space 
and is a winner of CB Insights' Demo Day and Microsoft's "AI for All" awards.

Upcoming Events:

Sept 23-26: FinovateFall 2019, New York
Sept 23-25: InsureTech Connect 2019, Las Vegas


Upcoming Webinar:

How can Insurers leverage a newer, more intelligent technology stack to 
transform their sales and distribution? – By: Yamini Bhat, CEO, Vymo & Kevin 
Rall, VP, Novarica)

Related Links: 

Website: https://www.getvymo.com

Download Logo: 
https://drive.google.com/file/d/0Bx0uX7vTcn39QV9DekNyam9JVnc/view?usp=sharing

Contact:
Gunjan Saha
Growth Marketer, Vymo
gunjan@getvymo.com

Video: https://mma.prnewswire.com/media/957814/Vymo.mp4

Source: Vymo