Salespeople have more tools than ever these days to help them with their work, whether they are tools to source new leads, keep those leads interested or informed about what\u2019s being sold, track how the sales process is going, manage those relationships once they are secured, or accounting tools to manage how and where sales are actually coming in. Today, a startup that\u2019s built a platform to help manage the data entry that powers all of that is announcing a swift round of funding to build on momentum and interest in its technology.<\/p>\n
Dooly<\/a> \u2014 which has built a set of AI-based tools to automate the busywork that goes into updating data in sales software, specifically apps like Salesforce, in order to get the most out of that software \u2014 has closed $80 million in funding. Sources tell us that the money values the Vancouver-based startup at over $300 million.<\/p>\n This is a \u201cswift\u201d round in that efforts to raise and close the funding happened quickly, and come not two months after the company had announced a Series A and seed round totaling $20 million. (In fact, we got wind of this round a couple of weeks ago, so arguably it was less than two months since the previous announcement.)<\/p>\n This latest Series B is being led by Spark Capital, with Greenspring, Tiger Global, Lachy Groom, boldstart ventures, BoxGroup and Addition also participating. Several of these are repeat investors.<\/p>\n Investor interest in the company is coming in part because of what Dooly is adding to the bigger mix of sales tools; and in part because of the traction it has already picked up for that.<\/p>\n Dooly closes on $20M for AI-based tools to help salespeople with their busywork<\/a><\/p>\n<\/blockquote>\n\n While there are indeed a number of apps that salespeople can use these days, that has presented something of a predicament for many salespeople: tending to the data in each of these, updating records and helping them tick along, can be a very time-consuming task that takes people away from doing what they do best.<\/p>\n That predicament has perhaps been heightened in the last year, as organizations push for \u201cdigital transformation\u201d \u2014 investing in newer IT \u2014 to better adapt to workforces that are not in the office all the time, and in many cases haven\u2019t been in an office together for a year and with some perhaps never to return again. That\u2019s in many cases translated to using a ton more software to manage those people, what they do and how they engage with each other when in-person is not an option.<\/p>\n Dooly\u2019s proposition is that it uses AI tools like natural language processing to let people take notes on meetings and other work, which it then intelligently can feed into other applications to let them work as they should.<\/p>\n Kris Hartvigsen, Dooly\u2019s CEO himself, experienced these pain points firsthand as a top salesperson for a number of other companies, and this served as his motivation for building Dooly.<\/p>\n \u201cThis was born out of pain,\u201d he said. \u201cWhen I was in a previous role as a top sales performer, I was constantly in this mode that eroded my time. The headwinds now are for remote working, but not everyone is benefitting from this remote world as much as Zoom is. Some are finding it harder to hit their numbers so you want to spend more time, not less, speaking to customers.\u201d<\/p>\n He describes his business as \u201cthe table cloth that goes over the table that no one wants to sit at\u201d and more seriously, \u201ca clean overlay to systems\u201d that is very aware of the challenges salespeople face on a practical, operational level. \u201cWe are always mindful of thinking of workflows that hinder users from peak value mode.\u201d<\/p>\n\n