Alma Bax 
You’re looking for a way to fund the growth of your business, so you’re interested in learning about Vivun’s successful Series C raise. Vivun raised $75M to put towards their mission, and now it’s time to learn how they’ll use this money.
This article will discuss the opportunities now available due to this successful Series C raise.
Vivun Raises $75M Series C Financing
On May 15th, 2020, Viviun announced the successful closure of their Series C financing round of $75 million. Viviun is a cloud-based capital planning and analytics platform that delivers real-time budgeting and business intelligence.
Viviun provides comprehensive financial insights to allow customers to plan investments and measure performance. With the new funding, Vivun will expand its product capabilities, invest in the customer success team, and bolster its go-to-market strategies in existing and emerging markets.
Vivun will use this $75 million strategically to directly improve product capabilities, build robust partnerships that can sustain product momentum, expand on sales/marketing operations by identifying new opportunities and broadening existing customer relationships.. In addition, as a leading cloud-based capital planning and analytics platform, Vivun has been praised for significantly reducing manual inputs while allowing users to make strategic business decisions with timesaving resource allocations.
Overview of Viviun
Viviun is an innovative online primary market research platform that enables people to donate and benefit from opinion-sharing. The company raises funds from investors and uses it to develop their platform. Recently, Viviun reported raising $75 million in its Series C financing round, led by Scale Venture Partners with participation from existing investors Accel, Battery Ventures, and NXT Venture Capital. This round will help Vivun build features for experts, such as product designers and demand generation teams, to increase insights into the small and medium enterprise (SME) space.
With this new financing, Vivun plans to use the proceeds to expand its platform capabilities across more global markets. There will be an emphasis on data intelligence capabilities focusing on helping customers apply AI-driven insights into their operations. Additionally, the funds will be used to invest in further research into opinion-collecting products tailored to SMEs and international companies looking to improve partnerships with international customers or partners. Vivun also aims to hire new personnel in data science and design engineering positions as they build out their team to execute its growth strategy.
What is Series C Financing?
Series C financing is the third round of equity-based financing for a company. It typically involves larger investment amounts than earlier rounds, such as seed or Series A, and is used to fund further growth and expansion. This type of capital financing can come from venture capital firms, other institutional investors, and existing shareholders who wish to increase their stake in the company.
A successful Series C indicates that the company has achieved high growth and viability to warrant another significant investment round. Investors view these raises as opportunities to capitalize on the success of companies that have already demonstrated a track record of performance over time.
In November 2020, Vivun completed its $75M Series C financing round with primary investors including Insight Partners and Meritech Capital Partners leading the initiative. The proceeds from this round will be used by Vivun towards further product innovation, customer acquisition & scaling new strategic initiatives- all toward a shared mission of transforming enterprise workflows with intelligent insights & actionable automation technologies.
Benefits of Vivun’s Series C Financing
Vivun recently raised $75M in its Series C financing. The funds will further develop the company’s analytic product suite, expand business operations and customer base, and strengthen Vivun’s leadership position in the global analytics market. This infusion of capital is expected to help Vivun to become a leader in cloud-based analytics technology and expand its service offerings externally.
Some of the specific benefits that Vivun can expect from its Series C financing include:
1. Increased market share through expansion into new markets, increased customer acquisitions, and improved product capabilities;
2. Increased hiring capacity to support organizational growth through the addition of new technical talent able to continue developing innovative solutions;
3. Enhanced infrastructure for improved scalability, reliability and security for customers;
4. More highly specialized product development resources for customizing user experience;
5. More expansive marketing programs designed to reach new audiences with revenue-generating initiatives through advertising campaigns;
6. Strengthened brand awareness with increased visibility in existing markets as well as positioning within newer markets;
7. Establishing strategic partnerships with industry leaders Específicas fortaleciendo para Vivun América Latina con nuevas incorporaciones de personal e infraestructuras para poder avanzar con más rapidez y verdadera escalabilidad en el mercado global de análisis y tecnologías basadas en la nube; y
8. Accelerated product roadmaps resulting in faster time-to-market through higher levels of customer feedback loops optimization capabilities y más variedad de herramientas diseñadas especialmente para la identificación de patrones innovadoras incrementando el valor que Viven entrega a sus clientes satisfaciendo sus necesidades más demandantes con las mejores tecnologías estandarizadas y personalizables para un uso seguro en la mayoría áreas del negocio moderno global actualmente disponibles alojadas desde la nube tecnológica que lo mismo certifica el crecimiento exponencial que Viven está viviendo como una super startup en el mundo de hoy.
How Vivun Will Use the Funds
Viviun has announced it has secured $75M Series C financing from top venture capital investors. This new round of funding will be used to further develop Vivun’s artificial intelligence products and services, such as natural language processing (NLP) and speech recognition, as well as expand its product lineup.
The funds will also be used to grow its customer base and hire additional talent in Vivun’s engineering, operations, sales and marketing departments. In addition, the company plans to use the funding to reach new markets outside the United States.
These efforts are expected to support Vivun’s continued commitment to SaaS innovation in the AI space.
Impact on Vivian’s Growth
Vivun, a labor-service marketplace, recently closed a $75M Series C financing round, led by industry heavyweight Khosla Ventures. This infusion of funding represents a major step forward for Viviun as the company seeks to accelerate its growth in the coming year and beyond.
The proceeds from this latest funding round will fuel Vivun’s product and technology infrastructure development, enabling the platform to efficiently scale its global network of service providers. Additionally, Vivun plans on leveraging this new capital to launch speed-to-market initiatives designed to bring the best solutions to market more quickly, increase customer retention rates and grow market share. The company is also investing heavily in marketing and public relations campaigns as part of its commitment to raising brand awareness.
This Series C round demonstrates investors’ continued confidence in Vivun’s success; continuing a trend that began with the company’s previous financing rounds. The platform is well-positioned in an ever-growing market, with opportunities for rapid growth that can immensely impact labor services worldwide and beyond.
Conclusion
In conclusion, Vivun’s Series C financing of $75M is expected to provide the company with a much needed capital injection to support their long-term growth plans. The proceeds from this financing round will be used primarily to continue developing and deploying their market intelligence and personalization technology, as well as further expansion into international markets.
They plan to leverage their network of industry professionals and partners to penetrate global markets and increase revenue growth in established and new markets. Additionally, Vivun intends to invest in its teams, strengthen its infrastructure and secure long-term relationships with partners by building its data science capabilities.
This infusion of capital will ultimately position Viviun for long term success as they aim to become a leader in the personalization software market.
Takeaways
Vivun, a leading cloud-based enterprise software and services provider, recently raised $75 million in Series C financing. This round of funding is expected to help the company expand its operations and capitalize on new opportunities. Here are some key takeaways from Vivun’s Series C fundraising:
• Growth Capital: Vivun will use the proceeds to accelerate its product offerings and go-to-market strategy. This includes investments in sales & marketing, research & development, customer success & support teams, acquisitions, and strategic partnerships.
• Product Expansion: With the additional funding, Vivun plans to extend its core technology platform and provide additional warehousing options and flexible delivery capabilities to meet customer needs across various industries.
• Strategic Direction: The new funding will give Viviun greater flexibility to explore and expand into areas aligned with their strategic objectives for growth. This includes expanding their network of customers, increasing efficiency in pricing models, cultivating strategic partnerships with other companies, and further investing in their products’ features & capabilities.
• Competitive Edge: By remaining agile in such a highly competitive market, Viviun is well positioned to stay ahead of emerging trends while providing top-notch customer service platforms.
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