Singapore-based Nektar.ai, a productivity platform for sales teams, has raised $2.15 million in seed funding. Founded earlier this year, Nektar has been working in stealth mode with five companies, and has plans for an early adopter release before a public launch by the end of 2021.
Its seed round was led by Nexus Venture Partners, with participation from Insignia Venture Partners, Arka Venture Labs, Better Capital and Vietnam Investments Group.
Individual investors also contributed to the funding, including Five9 executive vice president Anand Chandrasekaran; Airtel chief executive of enterprise business Ganesh Lakshminarayanan; Vinod Muthukrishnan, the chief growth officer of Cisco’s Contact Center Business Unit; Venkat Tadanki, who sold his former startup Daksh to IBM in 2004; and Capillary Technologies co-founder and CEO Aneesh Reddy.
Nektar helps sales teams by reducing time spent on administrative tasks and enabling them to feed data from various software into analytics tools and automated to-do lists. One of Nektar’s features are “playbooks,” or sets of best practices, goals and alerts that sales, customer support and marketing teams can collaborate on and reference.
During stealth mode, Nektar has been working with five companies, and currently has a waitlist of about 20 companies. Most of its early users are primarily late-stage SaaS companies, Vijayvergiya said.
“Most sales tools today work for the organization and make the user work for the tools rather than the tools working for the user,” he added.