Mojdo, a start-up offering a SaaS solution to improve the performance of sales teams, has announced that it has raised €7 million from several investors, including the Daphni fund and the Aglaé Ventures fund. The conversational analytics company hopes to recruit around 60 new talents by the end of 2022 to consolidate its position. Note that the firm has managed to exceed one million euros in annual recurring revenue in ten months.

A start-up offering its SaaS solution to improve the performance of sales teams

In January 2020, Paul Berloty, Côme Hug de Larauze, and Matthieu de La Fournière founded Modjo. Their objective: to design a technology that would allow them to analyze all exchanges between salespeople and their prospects/customers that take place via videoconferences, emails or by phone to detect relevant information. This is what they have succeeded in doing by developing a SaaS solution specifically designed to achieve this goal.

Léa Verdillon from Aglaé Ventures gives her opinion on the tool proposed by Modjo:

“By being able to transcribe European languages with high accuracy and allowing access to data in a secure manner and perfectly in compliance with the RGPD, Modjo’s solution is part of the future of Customer Relationship Management (CRM) in Europe.”

Currently, Modjo has nearly 3,000 users: French tech players such as Doctolib, Spendesk, BackMarket, Swile and PayFit or more established companies such as Hays and Rivalis. Baptiste Le Bihan, Sales Director at PayFit gives an overview of the tool’s European deployment:

“PayFit is a company with a presence in England, Italy, Germany and Spain. Modjo allows us to analyze our customer appointments in all these languages and break down the silos between our teams.”

A €7 million fundraising to recruit new experts

At the end of August, Modjo completed a Series A round of financing to raise €7 million from the Aglaé Ventures fund, business angels and a new player: the Daphni fund. Pierre-Yves Meerschman and Paul Bazin of the Daphni fund spoke about the aspects that interested their fund in investing in Modjo:

“We were won over by the Modjo team’s vision and ability to execute. In a competitive world, being close to customers’ needs and responding to them is a competitive advantage. That’s what Modjo enables.”

With the new funding, the startup will aim to open offices internationally and will recruit 60 new talents by the end of 2022. One of Modjo’s ambitions is to create the CRM of tomorrow to match the opportunity that the market represents: $127 billion.

Translated from La start-up Modjo annonce une levée de fonds de 7 millions d’euros pour franchir un cap à l’international