The company said it would use the funds to further develop its products and support go-to-market efforts
Software company Logik.io has announced a new round of seed funding.
The company aims to simplify enterprise sales processes with configuration technology for Salesforce CPQ (configure, price, quote) and ecommerce offerings. CPQ tools help companies generate quotes for orders, integrating with enterprise software such as the CRM and ERP to automatically produce quotes in line with a ruleset – the aim being to remove errors from pricing by taking into account all factors such as discounts and quantities.
The company’s solution enables features such as guided selling, bill of materials and enhanced logic within existing Salesforce data models – with its configurator available on the Salesforce AppExchange.
Logik.io’s latest $10mn round of seed funding was led by High Alpha, alongside Salesforce Ventures and others.
“Chris, Godard, and team have built multiple companies that have transformed this market. We couldn’t be more excited to partner with them on what we see as yet another game-changing product, and one of their most promising ventures yet,” said Scott Dorsey, Managing Partner at High Alpha.
The company said it would use the funds to further develop its products and support go-to-market efforts.
“We’re extremely excited to see Logik innovate with Salesforce Revenue Cloud,” said Pascal Yammine, SVP & GM, Salesforce Revenue Cloud. “We’re confident that with this round of funding from Salesforce Ventures, Logik.io will continue to propel digital transformation in the CPQ space.”
Aside from assisting sales teams, the solution also integrates with ecommerce platforms to enable the selling of products on self-service digital commerce platforms.
“We are building a truly innovative technology for companies looking to improve their CPQ experience and enable B2B e-commerce,” said Logik.io CEO Christopher Shutts. “We know both buyers and sellers demand speed and convenience throughout the sales process, and Logik.io delivers on that promise with lightning fast selection and configuration tools.”
Salesforce’s CPQ offering was just one of the company’s applications mentioned in its recent partnership with DocuSign.