Groove Labs

Groove Labs

A sales automation platform used by some of the fastest growing companies in the world to boost seller productivity and effectiveness. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€164—245m (Dealroom.co estimates Oct 2021.)
San Francisco California (HQ)
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DateInvestorsAmountRound

$3.8m

Seed

N/A

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*

$12.0m

Series A

$45.0m

Series B
*

N/A

Acquisition
Total Funding€55.3m

Recent News about Groove Labs

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Groove.co is a leading sales engagement platform specifically designed for companies using Salesforce. It helps sales teams automate repetitive tasks that are not directly related to selling, allowing sales representatives to focus more on building relationships and generating revenue. Groove is highly rated for its product quality and customer satisfaction, consistently ranking 1 on G2 for over two years.

Groove serves a diverse range of clients, including some of the largest and fastest-growing companies like Google, Uber, BBVA, and Capital One. The platform is particularly beneficial for full-cycle sellers, meaning those who handle the entire sales process from prospecting to closing deals.

Operating in the sales engagement market, Groove offers solutions tailored to various industries, including technology, financial services, and education. The company has also launched specialized products like Groove for Salesforce Financial Services Cloud, catering to the specific needs of financial service providers.

Groove's business model is based on a Software-as-a-Service (SaaS) approach. This means clients subscribe to use the software, usually paying a recurring fee. The company makes money through these subscription fees, which can vary based on the number of users and the specific features a client needs.

In summary, Groove.co is a top-tier sales engagement platform that automates non-sales tasks for Salesforce users, enabling sales teams to be more efficient and effective. It serves major corporations across various industries, operates in the sales engagement market, and generates revenue through a subscription-based SaaS model.

Keywords: Sales Engagement, Salesforce, Automation, SaaS, Revenue Generation, Full-Cycle Sellers, Large Enterprises, Customer Satisfaction, Financial Services, Technology.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.