Exciting news! We are proud to announce that Vitally has been named to the 2023 SMBTech 50 list created by GGV Capital and Crunchbase. Created in collaboration with 27 other renowned venture capital firms, the SMBTech 50 list recognizes growth and late-stage private companies that serve small and medium-sized businesses (SMBs). Vitally CEO and Co-Founder Jamie Davidson, alongside Patrick Vatterott, Chief Technology Officer at Vitally, joined fellow SMBTech 50 honorees the morning of Monday, March 23rd, to be a part of the opening bell ceremony at NASDAQ tower to commemorate the achievement. Vitally is honored to be listed among the companies making a significant impact on Customer Success for businesses of all sizes and industries.
This year, more than 200 companies were nominated and then voted on by top SMBTech venture capital investors to create the SMBTech 50 list. The list demonstrates the sector's depth and breadth and the enthusiasm of venture capital investors for companies that are driving SMB innovation. SMBs represent more than 30 million small businesses in the U.S., encompassing roughly half of U.S. employment and representing 44% of GDP. Additionally, SMBs drive more than $180 billion in annual technology spending, ultimately highlighting the growing importance of SMBs in the economy.
At Vitally, our vision is to enable Customer Success teams of all sizes to operate with greater productivity, collaboration, and visibility. Over the past year, we've made significant strides in elevating our Customer Success Platform to empower our three core pillars, raising $30 million in Series B funding led by Next47, along with investments from other firms such as HubSpot Ventures and NewView Capital.
With our latest inclusion in the prestigious SMBTech 50 list, this achievement further validates our mission and is a testament to our team's hard work. We remain committed to providing innovative solutions that enable Customer Success teams to perform at their best. If you want to experience the power of Vitally for yourself, we invite you to check out the Vitally platform and see how we're playing such a transformative role in shaping the future of Customer Success.