Photo - Dealpad
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Dealpad

USA, Washington
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 21.07.2024
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Idea

SaaS for B2B Go-To-Market teams, that centralizes how sellers & buyers engage and collaborate, resulting in 3x more deals won and exponentially better buying experiences.

Current Status

$120k Annual Recurring Revenue from 8 customers.
100% annual renewal.
$1.1M sales pipeline.
Projected $280k ARR by end 2024.

Problem or Opportunity

Sales deals close on the buyers timeline, at the buyers pace, yet most sales teams have no control of the buying process. This cause deals to slip from forecast or become lost altogether.
In 2023 the average software sales team spent 700 hours working on deals they didn't win. The cost of this is not deploying that time on deals with a greater chance of winning and significant lost revenue.

Solution (product or service)

Sales teams use Dealpad to bring their buyers into a collaborative process and centralize all of the people, materials and tasks required to win a deal.
The result;
For sellers, more visibility of the process, deeper alignment & collaboration with the buying team and access to a wider group of stakeholders.
For buyers, a frictionless process where everything is in a central place, making it easy to share and evaluate the vendor.

Business model

Subscription-based (SaaS) annual auto-renew contracts, invoiced and billed annually (ARR).

Incubation/Acceleration programs accomplishment

500Global
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