What is DevRev?
DevRev is a business software company dedicated to fostering customer-centricity. It achieves this by converging multiple departments around the end-user, providing a unified platform that integrates data, collaboration, and analytics. This approach aims to streamline operations and enhance customer engagement by breaking down traditional departmental silos and focusing all efforts on the end-user experience.
How much funding has DevRev raised?
DevRev has raised a total of $150.8M across 2 funding rounds:
Angel/Seed
$50M
Series A
$100.8M
Angel/Seed (2021): $50M with participation from Khosla Ventures and Mayfield
Series A (2024): $100.8M led by Param Hansa Values, Khosla Ventures, and Mayfield
Key Investors in DevRev
Khosla Ventures
Khosla Ventures is a venture capital firm specializing in breakthrough technologies across various sectors including enterprise, AI, and fintech. They provide venture assistance and strategic advice to entrepreneurs.
Mayfield
Mayfield is a venture capital firm focused on early-stage technology companies, primarily at seed and Series A rounds, backing founders in enterprise, consumer, and infrastructure.
Param Hansa Values
Param Hansa Values is a private investment firm focused on investing for good, driving growth and innovation across all stages of business growth, from early startups to late-stage ventures.
What's next for DevRev?
The recent major strategic investment in DevRev signals a pivotal moment for the company, likely indicating a move towards significant scaling and market expansion. This infusion of capital, following a substantial total funding amount, suggests DevRev is poised to enhance its platform capabilities, broaden its customer base, and potentially explore new market verticals. The strategic nature of the investment implies a focus on synergistic growth and strengthening its position in the competitive business software landscape, particularly in fostering customer-centric operations through its integrated data, collaboration, and analytics platform.
See full DevRev company page
