Israeli configure-price-quote (CPQ) and remote sales platform DealHub.io, announced this week that it has raised $60 million in a funding round to advance its CPQ software, expand partnerships, and accelerate its global expansion.
The latest round was led by Alpha Wave Ventures, alongside participation from its previous investors. This brings DealHub’s total funding to $90 million.
CPQ is software that aggregates several fluctuating variables like competition and local economic factors to help companies accurately define the most appropriate price of goods. Constant shifts in business and market demands have raised the need for upgraded CPQ that can maximize revenue via intelligent sales decisioning that take dynamic buyer behaviors into account.
Founded in 2014, DealHub synergizes enterprise-grade CPQ, subscription management, contract lifecycle management, and digital DealRooms into one unified quoting and contracting platform. DealHub’s no-code platform empowers business leaders to connect their teams and processes, execute deals faster, and create accurate and predictable pipelines. The company is Headquartered in Holon, Israel and runs offices in Austin, Texas and Los Altos, California.
“Challenging market dynamics make it a must for C-levels to take actions that ensure continued and predictable revenue growth,” said Eyal Elbahary, CEO of DealHub. “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.”
“We’re thrilled to be continuing our partnership with DealHub and taking part in its incredible Growth trajectory. This is just the beginning,” commented Uri Erde, general partner at IGP.