Vymo, an Indian-based sales workflow automation solution for financial institutions, raised USD 22 million in a Series C funding round led by Bertelsmann India Investments (BII) with participation from existing investors Emergence Capital and Sequoia Capital, bringing the company’s total funding to USD 44.9 million. Also, Rohit Sood (partner, BIIFund) will be joining the company’s board.

The company intends to use the funds to execute its growth strategy in the US and Japan. 

For 2021, the company reported a growth of more than 20% QoQ and a net revenue retention rate of 142%. Its daily active usage was more than 75% of 250,000+ users across 65+ companies in over 8 countries. Additionally, during the year, Vymo entered the US and acquired customers like Berkshire Hathaway as well as some large-scale insurance enterprises in Japan.