Princeton-based Edison Partners announced Wednesday it has decided to lead a $5.4 million growth investment in ExecVision.
ExecVision is an Arlington, Virginia-based SaaS sales technology designed to help companies understand what their best reps are doing differently and replicate that behavior across the entire organization.
Edison said it invested $4.2 million of the new capital, which will be used to fuel continued traction with mid-sized and enterprise sales, and contact centers.
“ExecVision’s performance-driven approach to conversation intelligence is category-defining, as evidenced by the company’s success signing six-figure contracts with leading brands,” said Kelly Ford, partner at Edison Partners, who led the investment and will join the company’s board of directors. “And unlike too many players in the emerging sales tech stack, ExecVision has built their business first, delighting customers and capital efficiently figuring out a growth formula. We’re delighted to partner with David Stillman and team to scale up that growth and build sustainable category leadership.”
ExecVision has processed approximately 8 million calls to-date and has achieved double revenue growth each year since its founding in 2015, Edison said.
“Our focus on driving rep development and behavior change has been accepted and validated by our customers, and has allowed us to outperform less capital-efficient competitors during these critical early innings of the conversation intelligence category,” David Stillman, CEO of ExecVision, said. “Edison Partners further validates our winning strategy and game-plan, and uniquely brings the growth capital and operating expertise value proposition we need to sustainably scale. We look forward to the partnership with Kelly and team to accelerate our category leadership and market adoption.”
