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SaaS platform ClientJoy has announced that it has raised $800K in pre-series A round from early-stage venture capital firm from GVFL (Gujarat Venture Finance Limited). Based in Ahmedabad, ClientJoy offers Client Life-Cycle Management Software for Freelancers and Agencies.
The company has said that the capital infusion will be used to grow Sales, Marketing & Engineering and expanding its product offerings. The company further said that it will focus on currently serving 1900 agencies in India, US, Europe, Australia & South-East Asia.
Commenting on Funding, Mr. Yash Shah (co-founder & CEO, Clientjoy) said, “At Clientjoy we are excited about the funding from GVFL – it comes at a time when we are looking to scale and grow. Today, Agencies & freelancers have to devote significant time and resources just to manage clients, since client management happens across multiple tools and platforms.
“They have no idea about either the bottlenecks or growth enablers, because most of the data is not captured and even that which is, is spread across various platforms. Clientjoy addresses and solves this issue. The investment will be used to grow the company’s sales, marketing and engineering to expand it’s product offering”.
Early investor and Board Member at CIIE, Chintan Antani, said, “As early investors, we at CIIE have seen Yash & his team grow over the years & establish Clientjoy (earlier known as Gridle) in the market, through sustained efforts on product development and customer engagement.
Given the pandemic, recent developments in the SaaS for productivity & client management tools market have been encouraging and Clientjoy is at an inflection point in their journey. Their unique blend of team experience with a razor sharp focus on customer problems would help them capture a decent market going forward. We wish them the best.”
Incorporated in 2019, ClientJoy essentially helps modern agencies, services companies and freelancers to manage Leads, Proposals, Clients, Invoicing and Revenues under a single roof. In its initial days, the company was funded and supported by other angel investors and CIIE –a startup incubator established by IIM Ahmedabad.
