Dealhub Raises $20M Series B to Revolutionize Sales Platforms

DealHub.io Secures $20 Million in Series B Funding

DealHub.io, a company headquartered in Austin, Texas, has announced the successful completion of a $20 million Series B funding round. The platform focuses on providing comprehensive sales engagement management solutions for businesses.

Israel Growth Partners spearheaded the investment, with existing investor Cornerstone Venture Partners also participating. This latest funding brings the total amount raised by DealHub to $24.5 million.

Introducing the 'RevAmp' Platform

DealHub positions itself as a next-generation revenue amplification platform, often referred to internally as ‘RevAmp.’ It aims to surpass the capabilities of conventional sales and revenue operations tools.

The platform is designed to offer businesses a more holistic understanding of buyer behavior and intent. It also works to optimize sales workflows, encompassing proposal creation, pricing quotations, subscription oversight, and electronic signature integration.

Eyal Elbahary, CEO & Co-founder of DealHub.io, stated that traditional, isolated sales tools are insufficient in the current remote work landscape.

He emphasized that the sales field is experiencing its most significant transformation yet. Sales teams are now navigating more knowledgeable buyers and are compelled to modernize their processes for effective human interaction in a digital environment.

Seamless Integration and Growth

DealHub boasts compatibility with leading CRM systems, including Salesforce, Microsoft Dynamics, and Freshworks. It also integrates with popular e-signature platforms such as DocuSign.

While specific revenue figures were not disclosed, the company highlighted a period of sustained, rapid growth as a key driver for this funding round.

The increased demand for the platform is attributed, in part, to the limitations placed on in-person meetings, necessitating new tools for sales teams.

Investor Perspective

Uri Erde, General Partner at Israel Growth Partners, commented on the need for agility among revenue leaders in today’s dynamic business climate.

He noted that organizations cannot be hindered by inflexible or expensive tools when managing their sales processes. RevAmp offers a user-friendly, no-code solution that enables sales organizations to adapt continuously to the evolving sales ecosystem.

Furthermore, the platform provides sales leaders with the crucial visibility and insights needed to effectively manage and accelerate revenue growth. Israel Growth Partners expressed excitement about supporting DealHub’s innovation in revenue operations and facilitating its continued expansion.