The financing also saw participation from Eight Roads Ventures.
The latest round follows the $4.1-million seed funding raised by the company in July last year. It plans to use the funding for product development and to expand in multiple geographies.
Founded in 2018 by Shruti Ghatge and Rahil Shah, Zomentum provides an all-in-one solution with various product modules that enables IT channel partners to grow their business and add new customers.
“Zomentum has already demonstrated its immense value as a powerful platform for IT channel sales and already fuels more than $100 million worth of IT transactions. The software is ready to augment IT sales further using data-science and Machine learning,” Shruti Ghatge, founder and CEO, Zomentum, said.
According to Zomentum, its platform allows IT channel partners to close deals 2X faster and upsell 6X of their standard deal value consistently with a higher win-rate. The company, which started selling its products in the month of January 2020, last claimed to have acquired clients across four continents.