Demoleap Raises $4.4 Million to Shift the Sales Process Towards Real-time guided Selling Solutions

Demoleap News
Guided Selling

Since launching out of stealth in January, the company has been running thousands of demos and has doubled customer growth every month.

Demoleap Raises $4.4 Million to Shift the Sales Process Towards Real-time guided Selling Solutions

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:

  1. 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.
  1. 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.
  1. 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.

Other stories we suggest

How to build your winning 2023 sales playbook - A Comprehensive Guide

How to build your winning 2023 sales playbook - A Comprehensive Guide

12
min read

In sales enablement, a sales playbook is one of the most essential tools. “Almost half of all sales teams don’t have a playbook. For the 60% that do have a well-defined sales process in place, the benefits are clear. Companies that follow a well-defined sales process are 33% more likely to be high performers. The win rate exceeds 50% for two-thirds of companies that have a defined process in place.”

Demo Best Practices
Guided Selling
Playbooks Templates
Sales Enablement Best Practices
Sales Execution
How to Run a Successful Discovery Sales Call - A Comprehensive Guide

How to Run a Successful Discovery Sales Call - A Comprehensive Guide

10
min read

Wouldn't it be nice if you could only make closing calls and skip all those tough stages in between? Unfortunately, picking up the phone and making that very first call is probably the most important part of the sales process and without it crossing the finish line is simply not possible. This very important initial sales conversation is called a sales discovery call.

Discovery Best Practices
Guided Selling
Sales Performance
Sales Effectiveness
Sales Enablement Best Practices
Live Demo FAQ: 8 most frequently asked questions about live demos

Live Demo FAQ: 8 most frequently asked questions about live demos

5
min read

We collected the 8 most common FAQs we are getting asked from our community; we believe the following questions and answers can become super handy when preparing for a demonstration or when working on your demo skills; feel free to reach out and continue reading our blog for more discovery and demo success ;)

Demo Skills
Demo Best Practices
How-to
Discovery Best Practices
Checklist