Velaris, a London, UK-based customer success platform for B2B technology, raised €4.7 million in seed funding, ushering in a new era of true AI-powered customer success.
The round was led by Octopus Ventures, which also included VCs, Zaka, and Fintech 365.
The funds will be used to develop a machine learning-led layer for Velaris' platform, allowing B2B tech companies to fully understand their customers, deepen relationships, and retain and expand business with them through data-driven decisions.
Velaris will also use this capital to establish R&D, product, and Go-To-Market teams in London and Madrid, in addition to their existing Sri Lanka hub.
Since its inception in May 2021, the company has recently closed a $5M seed round, one of the largest enterprise SaaS seed rounds since April 2022.
Company: Velaris, Ltd.
Raised: €4.7M
Round: Seed Round
Funding Month: September 2022
Lead Investors: Octopus Ventures
Additional Investors: Zaka, and Fintech 365
Company Website: https://www.velaris.io/
Software Category: Customer Success Software
About the Company: Founded in 2021 by Jose Fernandez-Castano and Dilanka Kalutota, Velaris is an all-in-one platform that helps B2B companies put customers at the center of their operations. Velaris focuses on a frictionless user experience to encourage the use of customer experience data, which will ultimately contribute to running a better business. Octopus Ventures and other leading global SaaS entrepreneurs have invested in Velaris. This includes flexible reporting that integrates intelligence with multiple data streams within the dashboard, such as product, revenue, and performance. Its mission is to build state-of-the-art products for B2B companies, enabling them to make their customers successful.
Source: https://techfundingnews.com/velaris-raises-e4-7m-funding-to-unveil-ai-driven-customer-success-platform/