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Openprise secured $25 million in Series B funding led by Morgan Stanley Expansion Capital to further extend its leadership in the RevOps market and drive sales and marketing growth.

Mar 05, 2024almost 2 years ago

Amount Raised

$25 Million

Round Type

series b

San MateoSoftwareInternet Services

Investors

Morgan Stanley Expansion Capital

Description

Openprise announced the closing of a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. The financing will be used to extend its leadership in the RevOps market, expand its product roadmap, bolster talent recruitment efforts, and drive sales and marketing growth.

Company Information

Company

Openprise, Inc.

Location

1900 S. NORFOLK STREET

San Mateo, California, United States

About

Openprise is a leader in Revenue Operations Data Automation, helping companies accelerate their funnel flow and drive efficient revenue growth. We pioneered the first end-to-end, no-code RevOps Data Automation Cloud to enable even non-programmers to leverage customer data and automate processes. Growth businesses choose Openprise for its unmatched RevOps expertise, depth of data automation and out-of-the-box funnel solutions, and robust ecosystem of data and implementation partners. To learn more, visit www.openprisetech.com and follow us on LinkedIn, Twitter and Facebook.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech