Vendavo, the global market leader in AI-enabled SaaS pricing and CPQ solutions, announced that it has secured a major round of strategic investment from Accel-KKR, as well as a re-investment by current owner Francisco Partners.
This investment will help Vendavo scale product development to satisfy client demand for innovative B2B commercial solutions and unlock growth and profitability. It will also fund future go-to-market strategies and accelerate partnership and M&A opportunities, helping it expand its leadership position.
Bruno Slosse, CEO of Vendavo, said:
“Our solutions are already delivering tangible results for our customers, and they’ll only grow in importance for the rest of the market as digital transformation and B2B omnichannel ecommerce become more widespread.”
“Today, B2B organizations need the ability to quickly go to market with the right products at the right prices, every time. Meeting today’s challenges and tomorrow’s opportunities requires modern, intelligent solutions that enable commercial excellence.”
Dean Jacobson, Managing Director at Accel-KKR, said, “It’s hard to overstate the opportunity ahead for Vendavo. More than ever, dynamic pricing is the most powerful, short-term lever for C-suites to drive revenue growth and increased profitability. Vendavo has already proven to many top-tier B2B enterprises that it has the best available solutions to that challenge. There’s a clear road ahead toward even bigger success.”
Petri Oksanen, Partner at Francisco Partners, said: “We continue to see a substantial growth opportunity ahead for Vendavo. We’re choosing to re-invest in their success, because they’re poised to tremendously extend their leadership position across the commercial excellence and pricing paradigm.”
