Innerspace's Pipeline Generation through Strategic Outreach

Innerspace, a leading spatial intelligence tool, sought to expand its reach within the enterprise and higher education sectors. They needed a business development partner capable of accelerating their sales pipeline development and uncovering new market segments while reducing internal costs related to hiring, training, and development.

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Type

SaaS

Industry

Enterprise/Higher Education

Service

External BDR team, GTM Consulting

Outreach Chanels

Cold Emails, Cold Calls, LinkedIn

Target Audience

F500 Companies & Higher Education Institutions

The Challenges

1. Refining the ICP

  • Objective: Enhance the precision of Innerspace's Ideal Customer Profile (ICP) across different sectors.
  • Execution: Reveno conducted an in-depth analysis of Innerspace's existing customer data and market trends, refining the ICP to better align with market demands.
  • Outcome: This refinement allowed Innerspace to target high-value prospects more effectively, increasing conversion rates and optimizing resource allocation.

2. Accelerated F500 Outreach:

  • Objective: Rapidly penetrate the Fortune 500 market.
  • Execution: Reveno fully ramped its outreach efforts within just four weeks, achieving significant traction.
  • Outcome: New pipeline creation was accelerated by six weeks ahead of expectations, laying the groundwork for sustained sales growth.

3. Higher Education Market Development

  • Objective: Identify and develop a new Ideal Customer Profile (ICP) within the higher education sector.
  • Execution: Reveno's team meticulously researched and engaged key stakeholders in higher education, understanding their unique needs and challenges.
  • Outcome: The new ICP led to developing a robust pipeline, enabling Innerspace to expand its market presence and cater to a previously untapped segment.

Our Solution

1. 60% of Sales Pipeline Generated: Reveno generated 60% of Innerspace's total sales pipeline in 2023.

2. Enhanced Market Penetration: Our strategic outreach initiatives significantly enhanced Innerspace's presence in both the F500 and higher education markets.

3. Rapid Execution: By fully ramping our outreach efforts within four weeks, we not only met but exceeded Innerspace's expectations, driving new pipeline creation much earlier than anticipated.

4. Optimized Targeting: The refinement of the ICP resulted in more precise targeting, higher conversion rates, and improved overall sales efficiency.

Key Results

195
Meetings Booked
21%
Account Conversion
18+
Monthly Qualified Meetings
$6.3mil+
Pipeline Generated

Reveno exceeded our expectations with their targeted go-to-market strategies, eliminating the need for an internal BDR team. Their rapid enterprise outreach and new ICP for higher education significantly boosted our sales pipeline. They are results-driven, easy to work with, and offer invaluable strategic insights. Highly recommended!

Sameer Hasan

VP Sales & Marketing

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