Demoleap, a Tel Aviv, Israel-based AI-powered live demo assistant and sales discovery platform empowering sales teams, announced the completion of its $4.4 million seed funding.
The round was led by Bonfire Ventures and Differential Ventures, with additional participation by 25madison, Ground up, and other key angel investors.
Demoleap's latest funding round will go towards recruiting top-tier talent and continuing to find ways to improve the sales process and bridge the technology gap for sales teams.
Company: Demoleap, Inc.
Raised: $4.4M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Bonfire Ventures and Differential Ventures
Additional Investors: 25madison and ground up
Company Website: https://www.demoleap.com/
Software Category: AI-powered live demo assistant and sales discovery platform
About the Company: Demoleap is the only AI-powered live demo assistant and sales discovery platform empowering sales teams available on the market. To help sales leaders embrace this shift, Demoleap offers a platform that allows sales representatives to continually apply the best practices and retain the critical training that sales leaders provide. Demoleap helps companies transition to an AI-guided selling process by allowing sellers to follow the sales process in real-time throughout the live demo to close more deals. Demoleap has experienced tremendous growth since its public launch in January, is powering thousands of demos a month, and increased its revenue by 500% in Q2 2022. Its mission is to define the Augmented Selling category by reimagining how SaaS sellers use “in the moment” technology to run better sales processes. Demoleap is an Israeli-founded company with offices in Delaware, Israel, and Ireland.
Source: https://www.prnewswire.com/il/news-releases/demoleap-raises-4-4-million-to-shift-the-sales-process-towards-ai-guided-selling-solutions-301607353.html