Funding

• RevenueHero raised USD 5.1 million in a seed funding round led by Stellaris Venture Partners, with participation from Together Fund to further develop and enhance its technology platform, expand its presence in the North American market, and bolster its team. (May 16, 2023; The Economic Times, Forbes)

• Successeve raised EUR 1.8 million (~USD 2 million) in a seed funding round from private investors to support the expansion of its operations and to enhance its business reach. (May 22, 2023; EU-Startups, FinSMEs)

• Logik.io raised USD 16 million in a Series A funding round led by Emergence Capital, with participation from ServiceNow Ventures and Salesforce Ventures. (May 23, 2023; VC News Daily, Benzinga)

M&As

• Mindtickle acquired Enable Us, a provider of digital sales room and buyer enablement solutions, to enhance its revenue productivity offerings and enable sales representatives to digitally collaborate with buyers through personalized content experiences. (May 3, 2023; Destination CRM)

New product/service

• SetSail launched the "Targets" dashboard, a reporting functionality in its sales data platform that enables sales leaders to monitor the performance of sales representatives based on key metrics that impact business. (May 10, 2023; Press release)

• People.ai launched AccountGPT, an AI-driven enhancement to its account planning application that leverages generative AI and large language models (LLMs) to automate sections of account plans, including market research, by extracting data from publicly available sources such as company websites and earnings reports. (May 16, 2023; Press release)

• DealHub introduced DealHub Subscription Management for HubSpot Sales Hub CRM to improve DealHub's CPQ capabilities and provide support for businesses with recurring revenue models. (May 30, 2023; Press release)

Earnings/results

• ZoomInfo reported a revenue growth of 24% YoY to USD 300.7 million in Q1 2023. The non-GAAP operating income was USD 120.3 million (26% YoY growth) in Q1 2023, which is reflected by an EPS of USD 0.24 (Q1 2022: USD 0.18). The company reaffirmed its FY2023E guidance, with revenue expected to range from USD 1.28 billion–1.29 billion and operating income to be between USD 523 million and USD 533 million. (May 1, 2023; Press release)