SAP Ventures Leads $14M Round In Collaborative Sales Software Developer SAVO

Chicago-based SAVO has raised $14 million in new funding led by SAP Ventures with existing investor Sterling Partners participating in the round.

SAVO’s on-demand, collaborative Sales Enablement software aims to open communication across a company’s sales teams. The software connects sales reps with the best sales materials, insights and expertise across an organization. SAVO promises to helps drive better sales conversations so reps can close more deals.

Current clients include IBM, American Express, and Staples. The new funding will be used for product development and for the expansion of SAVO’s sales enablement platform.