Demoleap Raises $4.4 Million to Shift the Sales Process Towards Real-time guided Selling Solutions
Since launching out of stealth in January, the company has been running thousands of demos and has doubled customer growth every month.
The consistently top-performing sales team was always the holy grail of every sales organization. Ensuring a high level of sales delivery seems impossible when facing a continuously changing team, product, and market.
Traditional enablement and coaching methods require tremendous effort, are slow to implement, and don’t stick as time passes and reality changes.
For software companies, this means burning through precious pipeline as educated prospects evaluating the company's product are losing interest due to dreadful sales performance and lack of seller’s knowledge.
The problem gets worse when sellers need to conduct a meaningful discovery or run a compelling demo, the most complex and crucial customer-facing activity in the sales cycle.
However, we can not blame our sellers! It is unrealistic to expect sellers to implement 6 months of training into every call, with every customer in every cognitive state. We must change the paradigm and move from relying on memory and training to technology and real-time reinforcement.
At Demoleap, we’ve identified Three Gaps That Stop the Sales Team From Outperforming:
- The Forgetting Curve - 75% of sales training is forgotten in 6 days! It doesn’t matter how often or how structured your training is; it will most likely be forgotten.
- The Cognitive Overload - To run a great discovery and live sales demo presentation, sellers need to follow the right sales methodology, storyline, click path, talk track, deck, customer stories, and objection handling… are you exhausted yet? All of that consumes most of the seller's time.
- The Technology Gap - look at your current sales stack; most of the sales tools help companies plan or understand what went wrong. Don’t you think you deserve a tool to help you win deals in real-time before it’s too late and the deal is lost?
Welcome to a World of Augmented Sales Discovery and Live-demo
In this new paradigm, sellers using Demoleap are equipped with AI-Guided selling technology that guides them in-the-moment on what to ask, say, and show.
So, Instead of relying on memory -> sellers are promoted with the right information at the right time.
Instead of stress and confusion -> sellers can clearly follow a winning thought process.
Instead of outdated sales material -> sellers utilize the latest deck, demo, or messaging.
Our initial results are unbelievable:
- 25% more demos continue to the next step
- X5 faster ramp time
- 8 hours saved every week on prep and CRM updates
What would your sales result look like if every seller in your team could run an exceptional sales discovery and live demo on every call?
We Couldn’t Have Done it Alone
Today we announced the completion of a $4.4 million seed round led by Bonfire Ventures and Differential Ventures with additional participation by 25madison, Ground Up, and other key investors. But most importantly, we would like to thank the great sellers at Salesforce, Zendesk, Maxio, Pax8, Talon.one, SysAid, Ultimate.ai, and many more who helped us build Demoleap.
As of today, Demoleap empowers thousands of sales discoveries and live demo meetings.
We are on a mission to reimagine live sales interactions.
For more details on this story, please visit Yahoo! Finance.
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