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, 2024•almost 2 years ago
Amount Raised
$25 Million
Round Type
series b
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.
Funding Insights
Based on industry dataVC-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