What is DevRev?
DevRev operates within the business software sector, focusing on cultivating customer-centricity. The company's core offering is a unified platform that converges multiple departments around the end-user, integrating data, collaboration, and analytics capabilities. This approach aims to provide a holistic view of customer interactions and streamline internal processes, positioning DevRev as a key player in enhancing organizational responsiveness to customer needs.
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 Mayfield and Khosla Ventures
Series A (2024): $100.8M led by Khosla Ventures, Param Hansa Values, and Mayfield
Key Investors in DevRev
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Param Hansa Values
Param Hansa Values is a private investment firm founded by Swapna and Dheeraj Pandey, focused on investing for good and driving growth, innovation, and positive change. The firm combines direct investments in public and private companies with indirect capital allocations to funds, venture capital, and private equity. They support businesses at all stages of growth, from early startups to late-stage ventures, by making anchor investments and co-investing with leading venture capital firms. Inspired by the principles of value investing, Param Hansa Values aims to unlock potential and foster sustainable progress.
Mayfield
Mayfield (mayfield.com) is a Menlo Parkbased venture capital firm that raises dedicated funds to invest in earlystage technology companies, primarily at seed and Series A, backing enterprise, consumer, and infrastructure founders and partnering with them through growth and exit.
What's next for DevRev?
The substantial enterprise-level funding, particularly the recent strategic investment, signals a strong vote of confidence in DevRev's business model and future growth potential. This capital infusion is expected to fuel further product development, market expansion, and scaling of operations. The company is poised to leverage this financial backing to solidify its market position and accelerate its mission of fostering deeper customer relationships through integrated technology solutions.
See full DevRev company page
