DealHub.io, an Israeli startup that offers a platform for CPQ (configure, price and quote) for businesses, just raised $60 Million in a funding round led by Alpha Wave Ventures. This round comes one year after the company raised $20 million in a Series B round of funding. DealHub has now raised a total of $90 million.
According to Marc Benioff’s Salesforce, CPQ is a sales tool for companies to quickly and accurately generate quotes for orders. CPQ applications often work in tandem with CRM platforms, ERP programs, and other business technology, which helps ensure integrated data as well as accuracy.
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DealHub declares that it redefines CPQ by “synergizing” enterprise-grade CPQ, Subscription Management, Contract Lifecycle Management and Digital DealRooms into one “unified, dynamic quoting and contracting platform, powered by the most engaging and personalized self-serve buyer experience.” DealHub adds that it offers s new generation hybrid commerce engine which the company boasts delivers the “depth and robustness of a custom-coded CPQ solution, with the agility of a business-oriented no-code configured environment, making setup and ongoing changes a breeze.”
Founded in 2014, DealHub declares that its Revenue Amplification Platform offers the most complete and connected revenue workflow for an organization. The zero-code, purpose-built platform empowers visionary leaders to connect their teams and processes, execute deals, and create predictable pipeline more effectively than ever before, boasts the company.
DealHub explains that Revenue Amplification is the “natural evolution of Sales and Revenue Operations” from a narrow view of individual buyer interactions towards a 360 degree view of buyers and buyer intent. RevAmp evolves Sales teams from running one-size-fits-all sales interactions to highly tailored sales processes that meet buyers where they are in their buying journey.
DealHub says that its RevAmp empowers Sales to interactively engage buyers in a personalized, insightful and intuitive manner throughout the entire sales process. RevAmp, says the company, eliminates the need to run multiple disparate sales solutions by natively incorporating enterprise-grade CPQ, CLM, Predictive Sales Playbooks and Digital DealRooms in one complete sales platform.
“Challenging market dynamics make it a must for C-levels to take actions that ensure continued and predictable revenue growth,” stated Eyal Elbahary, DealHub CEO. “DealHub‘s fresh approach to CPQ provides real-time business adaptability, transparency and collaboration to drive increasing sales and brings every team player into the game with clear accountability to revenue processes and business outcomes.”