Valooto Ltd., an Israeli provider of a Software as a Service Collaborative Sales Engagement Platform, has closed a $1.5M seed round of funding from Jerusalem Venture Partners Media Labs to develop its technology.
Founded in October, 2013 by Eyal Elbahary and Alon Lubin, Valooto boasts that its innovative collaborative platform converts sales proposals into live, online, interactive proposals that can be shared, collaborated on, and approved by customers, all in real-time. The result of this collaborative process, the company says, is improved sales velocity, increased sales forecast accuracy and an enhanced customer experience throughout the sales cycle.
Valooto enables sales reps to create optimal sales proposals in minutes, then map the journey of these proposals using built-in tracking and web analytics. Reps get instant feedback on customer engagement with the actual proposal, down to a granular level, while advanced predictive analytics provides guidance on the best actions to take to increase the probability of winning any opportunity.
“The ability to track and measure customer interest in sales proposals revolutionizes the way sales teams and channel partners conduct business, ” stated Eyal Elbahary, Valooto CEO and Co-founder. “By emphasizing collaboration between sales teams and potential clients, Valooto helps organizations become more responsive to the needs of their customers and provides real-time insights that help them win more business. Real-time, interactive sales collaboration is the next big evolution in sales.”
Valooto comes as a pre-packaged solution that can be implemented in just 48 hours with no coding or IT support. The platform resets the bar for Configure, Price, Quote (CPQ) solutions with its unique Zero-Project setup, ease of operation and cost-effective monthly subscription price point, making CPQ affordable to hundreds of thousands of enterprises of all sizes. The platform operates natively within Salesforce.com or any cloud-based CRM.
“Valooto’s new and innovative approach to the sales process addresses a large void in the sales optimization market, with the ability to make a major impact on the way enterprises sell and service their customers, ” stated Haim Kopans, JVP Partner & CTO. “We’re proud to add such an innovative and highly promising start-up, led by veteran business and technology executives, to the JVP Media Labs Portfolio.”