Hamburg-based Dealcode nabs €1 million to make sales teams more successful
Summary
Hamburg Investitions- und Förderbank (IFB) has chosen the company as the recipient of its InnoRampUp grant awarded to highly innovative technology startups. Their pioneering product rests on the premise that machine learning algorithms can automatically guide sales teams towards a faster closing of better deals – overall raising success rates and revenues. With viable sales tools like fairs and in-person client visits mostly paused, Covid19 has only increased the pace to move towards AI solutions. When connected to CRM tools, Dealcode’s AI analyzes more than 150 variables in existing client sales data in order to detect patterns that allow for individualized, specific guidance. We are looking to scale our product and sales as quickly as possible which is why we are delighted to know partners like APX, IFB and Benjamin by our side for this next phase of growth”.