SAVO Group, a Chicago, IL-based provider of sales productivity solutions, closed a $35m venture funding round.
The round was led by Goldman Sachs & Co, with participation from existing investors Sterling Partners and SAP Ventures. In conjunction with the funding, Michael McGinn and Holger Staude from Goldman Sachs’ Private Capital Investing group, joined the company’s board.
The company, which has now raised $84m in total, intends to use the funds to expand its global operations and further develop its suite of sales and marketing applications.
Founded in 1999 and led by Mark O’Connell, president and CEO, SAVO provides an on-demand platform which combines sales and marketing best practices with technology to address all aspects of the sales enablement process – spanning people, process, insight and technology.
The company, which recently acquired digital postcard technology company StoryQuest, Inc., also launched a number of new solutions – including Sales Onboarding Pro, Sales Process Pro, SAVO Inspire, CRM Opportunity Pro for Microsoft Dynamics CRM and a Professional Selling Bundle designed to ensure functionality and compliance during sales meetings.