Field Service Management Startup Zuper raises $13 million in Series A round of funding
- ByTejika Bajaj | January 22, 2022
Field service management startup Zuper recently announced that it has raised a sum of $13 million in its Series A round of funding led by FUSE. The round also witnessed participation from prominent investors including Sequoia Capital, Prime Venture Partners and HubSpot Ventures. With this round of funding the startup has raised a consolidated sum of $14.1 million till date.
The company officials have signified that the proceeds from the recent round of funding will be deployed towards investing in innovative product leadership as well as to expand the extensive partner ecosystem of the startup. Furthermore, the management startup also intends to utilise the funds to invest in sales as well as marketing.
Talking about the recent round of fundraise and the projections for the startup, Kellan Carter, General Partner at FUSE, said, “Zuper is making waves and driving impressive results with world class customers in an industry where digital tech innovation traditionally moves slow. The company’s product market fit coupled with a strong executive team has enabled Zuper to become a category-leading field service software provider with global scale, customer-driven growth and a robust ecosystem of partners across the entire service management tech stack. We see significant opportunities for Zuper to continue delivering tangible ROI for its customers.”
The recent announcement comes right after the company projected significant growth in the past year. The startup observed a manifold growth in the Annualised Recurring Revenue (ARR) and further achieved 140 percent net revenue retention. Furthermore, the young startup also expanded its user base by adding more than 100 customers across North America, APAC and EMEA as well as tripled its team size.
Founded in August 2016 by Raghav Gurumani, Karthik Rao, and Vijay Narasiman, Zuper is an intelligent field management and customer engagement platform which enables its clients to provide seamless customer experience. The startup has enabled multiple residential as well as commercial service businesses in industries such as cleaning, landscaping, internet service providers and many more. The startup aims to create the world’s most comprehensive workforce collaboration platform.
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