– Groove, an automation-driven sales engagement platform, announced that it closed a $45 million series B round led by Viking Global Investors with participation from Capital One Ventures, Level Equity, Quest Venture Partners, and Uncork Capital.
– The funds bring the company’s total raised to over $57 million to date, which cofounder and CEO Chris Rothstein says will be put toward product development and international workforce growth.
– It’s Groove’s assertion that the pandemic-fueled shift to digital selling is driving the convergence of sales engagement and revenue operations.
– But digital selling has also exposed a weakness in some companies’ customer relationship management (CRM) software: a lack of adoption.

– PassFort is a London, UK-based SaaS RegTech platform.
– The company raised 16.2m USD in Series A funding.
– The round was led by Level Equity, with participation from existing investors OpenOcean, Episode 1 and Entrepreneur First. $4.89m worth of venture debt was also provided by Shard Credit Partners.
– The new investment will be used to expand the company’s global growth plans.

– Level Equity, a growth equity firm based in New York and San Francisco, has made a $78m investment to fund growth initiatives and accelerate Chronus’ ability to serve the needs of organizations looking to adapt their workforce to thrive in a more hybrid and inclusive future.
– With nearly 15 years of experience and the largest, most-diverse team in the industry, Chronus has helped organizations launch, manage, scale and measure mentorship programs that address critical business initiatives across the employee lifecycle such as employee retention, talent development and DEI (diversity, equity and inclusion).
– This partnership with Level Equity will help Chronus leverage its unique expertise in utilizing mentoring to grow inclusive, people-centered cultures that are future-ready.

– Mytonomy is a Bethesda, MD.-based enterprise Software as a Service (SaaS) solution for video-based patient engagement.
– Series B $25m funding was led by Level Equity with participation from Philips and innovative healthcare systems such as Carilion Clinic.
– The company intends to use the funds to continue to expand its business reach.

– Uberall, a Berlin, Germany-based provider of “Near Me” Marketing SaaS solutions, received a capital investment of $115m.
– The round was led by Bregal Milestone, Level Equity, United Internet and Uberall management.
– The company intends to use the funds to accelerate growth in the U.S. and Canada.

– SevenFifty, a NYC-based provider of web-based and mobile technology solutions for the beverage alcohol industry, raised $23m in Series B funding.
– The round was led by Level Equity.
– The company intends to use the funds for:
– continued development of its software and data services that now span nearly every area of the business;
– for hiring across engineering, customer support, sales, operations, and marketing;
– for enhancing the ability to explore future M&A prospects that could boost its tech capabilities and its market reach.