DealHub raises $60 million for CPQ solution

DealHub announced on Tuesday that it has raised $60 million. The round was led by Alpha Wave Ventures along with the participation of existing investors and brings the company’s total funding to $90 million. The company will use the proceeds to accelerate innovation of its CPQ (configure, price and quote) technology, expand ecosystem partnerships and drive global expansion.

“Challenging market dynamics make it a must for C-levels to take actions that ensure continued and predictable revenue growth,” stated Eyal Elbahary, DealHub CEO. “DealHub‘s fresh approach to CPQ provides real-time business adaptability, transparency and collaboration to drive increasing sales and brings every team player into the game with clear accountability to revenue processes and business outcomes.”

DealHub co-founders.

DealHub was founded in 2014 by Elbahary, Eyal Orgil (CRO), and Alon Lubin (CTO). Its platform can help sales teams build and maintain engaging personalized dialogues with prospects throughout their entire buying journey. The company has registered annual growth of 250% over the past four years. DealHub has two main offices, in Austin, Texas and Israel, and employs a total of 200 employees.

DealHub aims to combine enterprise-grade CPQ, Subscription Management, Contract Lifecycle Management and Digital DealRooms into one unified, quoting and contracting platform, powered by the most engaging and personalized self-serve buyer experience.

Ever-changing business and market demands have driven the need for a new breed of CPQ that maximizes revenue through intelligent sales decisioning, while ensuring compliance with constantly changing organizational policies and proactively addressing dynamic buyer behaviors.