Vovici Raised $6.3 Million in Series C Funding

Yesterday, March 27th, BusinessWire.com announced that the expansion stage SaaS companyVovici raised $6.3 million in venture capital financing from existing investors Austin Ventures and Mayfield Fund. Vovici is one of the leading providers of Enterprise Feedback Management solutions. As a matter of fact, OpenView Venture Partners also uses Vovici when we need to better understand certain aspects of our portfolio companies. The first time I used their application I was surprised how easy it was for me to navigate through it, even without directions. It allowed me to easily create a survey and then provided me with the options to either send it to a targeted group of selected people or just use a hyperlink that could be used by larger group of respondents. After the survey was completed, the results could be nicely compiled and exported in various document formats allowing for comfortable review and publication. The ease of use and the thoroughness of the reports provided by Vovici’s product have attracted customers like Oracle, Cisco, and Microsoft. According to BusinessWire’s press release the company is planning to use the expansion capital to fuel its sales, marketing and business development. Vovici will try to capitalize on the strong customer and revenue growth during 2009 where the company added more than 300 new customers and increased its revenue by 30%.