Minoa, a Berlin, Germany-based software company specializing in value and pricing management solutions for enterprise SaaS sales, closed an over-subscribed €2.5 million in a pre-seed funding round.
The round was led by 468 Capital, with the participation of notable investors such as Mischief, AirAngels, Alumni Ventures, and Fidi Ventures.
Additionally, prominent angel investors including Mathilde Collin (Front founder), Russ Heddleston (DocSend founder), and senior executives from Amazon, Airbnb, and Salesforce also contributed to the funding.
The newly acquired funds will be primarily utilized to expand Minoa's team in San Francisco. The company is actively seeking a founding engineer (full-stack engineer) and a founding UX/UI designer to bolster its workforce and enhance product development capabilities.
“Enterprises will spend nearly $200 billion on SaaS this year but vendors lack the necessary software-driven tools to really understand their customers’ needs,” says Max Elster, co-founder and CEO of Minoa. “We’ve created solutions that involve buyers and champions on the customer side directly in the sales process. SaaS sales are only getting harder. Taking a more collaborative approach to enterprise sales helps SaaS companies not only better understand customers but also better optimize pricing.”
Minoa works closely with its customers to measure value realization and supports renewal conversations. By maintaining an ongoing relationship, Minoa ensures that customers maximize the value derived from their SaaS solutions and have a seamless experience throughout their engagement.
Company: Minoa
Raised: €2.5M
Round: Pre-Seed Round
Funding Month: May 2023
Lead Investors: 468 Capital
Additional Investors: Mischief, AirAngels, Alumni Ventures, Fidi Ventures Mathilde Collin, and Russ Heddleston
Company Website: https://www.minoa.io/
Software Category: B2B SaaS Pricing & Value Management
About the Company: Founded in 2023 by Max Elster and Richard Einhorn, Minoa offers innovative, software-driven solutions that aim to improve the effectiveness of enterprise SaaS sales. The company's products are designed to provide intuitive and user-friendly experiences for both salespeople and customers. Minoa's solutions enable SaaS companies to gain valuable insights into customers' and prospects' willingness to pay through a collaborative sales process. This process involves the sharing of ROI calculators and value cases to help drive informed decision-making.
Source: https://www.eu-startups.com/2023/05/berlin-based-minoa-raises-e2-5-million-pre-seed-funding-to-expand-its-b2b-saas-support-in-silicon-valley/