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AI sales intelligence startup Reo.Dev raises $11.3 Mn in a Series A round led by Elevation Capital to accelerate US expansion and AI product development.

PRIVATEJul 16, 202625 days ago

Amount Raised

$11.3 Million

Round Type

Series A

San FranciscoSoftwareinformation technology & services

Investors

Gokul RajaramIndia QuotientHeavybitElevation Capital

Description

Reo.Dev has secured $11.3 Mn in Series A funding to enhance its sales and marketing efforts in the US. The round was led by Elevation Capital with contributions from Heavybit and India Quotient. Notable angel investors, including Gokul Rajaram, also participated. The funds will primarily be used to boost product development and target new customers in the US market.

Company Information

Company

Reo.Dev

Location

San Francisco, California, United States

About

Reo.Dev is a modern marketing stack for developer focused companies. Reo.Dev decodes millions of developer activities and intent signals to help developer focused companies uncover their hidden sales funnel and learn which are the organisations where developers are evaluating their products right now.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
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

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