Israeli-American company DealHub.io, a developer of a Revenue Amplification Platform (RevAmp) to drive sales, announced on Wednesday that it closed a $20 million Series B funding round led by Israel Growth Partners (IGP), with participation from existing investor Cornerstone Venture Partners.
Founded in 2014 and with offices in Israel and headquarters in Austin, DealHub says it enables sales teams to build and maintain engaging and personalized dialogue with their buyers throughout the sales processes. The platform, according to the company, “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.”
“Yesterday’s siloed sales tools no longer cut it in the new Work from Anywhere era,” said DealHub CEO and co-founder Eyal Elbahary in a company statement. “Sales has undergone the largest disruption it has ever seen. Not only have sales teams needed to adapt to more sophisticated and informed buyers, but remote selling and digital transformation have compelled them to evolve the traditional sales process into a unique human-to-human interaction.”
The platform natively incorporates enterprise-grade CPQ, CLM, Predictive Sales Playbooks and Digital DealRooms in one complete sales platform, eliminating the need to run multiple disparate sales solutions, DealHub indicates.
“Revenue leaders need the agility to keep pace with today’s fast and ever-changing business environment,” said Uri Erde, General Partner at IGP. “They cannot afford to be restrained by rigid and costly to implement tools to manage their sales processes. RevAmp provides a simple-to-operate, intuitive, no-code solution that makes it possible for sales organizations to continuously adapt to the modern sales ecosystem. Furthermore, it provides sales leaders the visibility and insights they need to manage and consistently accelerate revenue growth. We’re excited to back the innovation DealHub is bringing to the world of revenue operations and help fuel its growth.”