Apty Inc., a Digital Adoption Platform, announced that it has raised $7.5 million in a Series A funding led by 645 Ventures. Existing investors Companyon Ventures and Reformation Partners also participated in the current funding round.
Apty develops Digital Adoption Platform (DAP) software catering to Enterprises with complex business processes, enabling them to maximize the adoption of software and processes.
The funding will be utilised for business expansion including global enterprise sales, business development and customer success teams, and engineering resources to extend its leadership position in enterprise features.
“Having just announced $5.2 million of funding in October, we accelerated this round based on Apty’s momentum,” said Krishna Dunthoori, Apty’s Founder and CEO. “There are plenty of digital adoption tools that can create tooltips and walkthroughs, but they don’t really solve the problems large enterprises face. Our focus on business process and the impact of software deployments on business outcomes is driving our success.”
Since announcing the company’s first outside funding in 2020, Apty has deployed to more than 3 million new users, released new business process tracking and compliance features, and has been recognized as the digital adoption platform momentum leader by G2 for the last two quarters, the company said in its statement.
“We believe the DAP software market will continue to see rapid growth as enterprises seek to extract more value from their SaaS spend. Apty has built an excellent product that is driving significant value for customers, and we believe the company is well-positioned to become a market leader. We are excited to partner with them as they continue scaling the platform.” – Nnamdi Okike, Managing Partner at 645 Ventures.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.