Zuper, announced today that it has raised $13 million in Series A funding. Zuper will deploy the new capital to further invest in innovative product leadership, expand its extensive partner ecosystem, and invest in sales and marketing. The company provides of productivity suite for intelligent field service management and customer engagement.
Zuper also expanded its platform with 250+ features and completed 18 new integrations with Salesforce, Oracle Netsuite, Quickbooks, Zendesk Sell, Field Nation, Zoho Suite and others that contribute to a rich field service management ecosystem.
“We concluded the last year with significant wind in our sails as we continue to further Zuper’s founding vision to empower service businesses with the tools and technology they need to maximise operational efficiency and provide customers with a modern, on-demand experience. As we scale and ride this momentum forward, we remain committed to helping our clients and industry partners grow their businesses and open new revenue streams in the digital economy.” Anand Subbaraj, CEO, Zuper, said.
Zuper adds more than 100 customers in new markets
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.”
Shailesh Lakhani, MD, Sequoia India, said, “The shift from legacy to digital processes continues to disrupt every category, including the multi-billion dollar field service management industry. Zuper’s strategic approach to growth has enabled strong customer traction across geographies and service industries. We see Zuper’s competitive market position and value proposition only increasing as service businesses continue to adopt digital-based solutions.”
The funding round was led by FUSE with participation from Sequoia Capital India, Prime Venture Partners, and HubSpot Ventures. The startup has so far raised $14.1 million.
The funding comes after the company displayed significant growth in 2021. The company’s annualised Recurring Revenue (ARR) grew by 7X year-over-year; it achieved 140 percent net revenue retention; added more than 100 new customers across North America, APAC and EMEA; and tripled the size of its team, according to a release.
