The funding will help Bravado accelerate growth. Here are the top-line bullets you need to know.
Bravado, an online community for salespeople, has raised $26M in a Series B. The round drew participation from AirAngels, Freestyle Capital, Tiger Global Management, and XYZ Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Bravado offers sales training/support tools and enables B2B professionals to connect with employers.
- Bravado currently has $4M in annual recurring revenue, up from $0 just 7 months ago.
- The company has a network of 200K+ members across 72 countries, up from 10K in January 2021.
- Its network includes sales professionals from over 30K tech companies, including Google, Uber, Salesforce, Facebook, Apple, and Adobe.
- The company recently acquired Compgauge, a provider of compensation data, to enhance its talent marketplace.
Source: Bravado
WHY DOES THE MARKET MATTER?
- The global online recruitment market is expected to reach a value of $43.4B by 2027, growing at a CAGR of 7.1%, according to Fortune Business Insights.
- The rising number of job openings, the shift toward outsourcing recruitment, and the increased adoption of social media have contributed to market growth.
- Sales professionals have been in high demand despite the pandemic-induced volatility in the broader jobs market. The number of sales job openings surpassed the number of salespeople on the market by 4.3M at the end of 2021.
Want to see more research? Join a demo of the CB Insights platform.
If you’re already a customer, log in here.
