Simplisales Secures £373k to Enhance B2B Sales Efficiency
In a world where B2B sales often resemble a chaotic jigsaw puzzle, Simplisales has emerged as a transformative solution, securing a remarkable $500,000 (£373k) in pre-seed funding. This raise was led by SFC Capital, renowned as the UK's most prolific early-stage investor, with the support of Startup Wise Guys and Wise Angels—key players who recognized Simplisales’ potential back in 2023. This infusion of capital will enable the creation of advanced AI-driven features that promise to streamline the sales workflow of wholesalers, distributors, and manufacturers, setting the stage for ground-breaking efficiency in an $27 billion cloud-based ERP market projected to explode by 2025.
At the core of Simplisales’ innovation is its ability to unify fragmented communication methods typically employed by wholesale teams—phone calls, emails, WhatsApp, and traditional paper methods—into a seamless, efficient workflow.
Through custom-branded mobile apps and accessible web stores, powered by an AI engine, Simplisales automates critical sales functions. Key features include auto-drafting of repeat orders, personalized catalog experiences for buyers, and intelligent margin proposals—all designed to enhance team productivity and ultimately drive higher profit margins.
Interest from investors reflects the company's substantial early traction, with a staggering $2 million in monthly GMV processed, 2,000 active retail buyers, and a remarkable 300% ARR growth year-over-year. As founder and CEO Ihsan Diskan notes, “This investment lets us double down on enhancing our AI capabilities,” highlighting Simplisales' commitment to continuous innovation. With plans for European expansion and the strategic recruitment of top talent, this funding round is not just about financial backing; it's about empowering the next wave of transformational technology in B2B commerce. Discover how Simplisales is redefining the landscape at simplisales.com.
Key Terms Explained
- Pre-seed funding
- The earliest stage of funding a new startup can secure, typically led by angel investors and non-institutional investors. It helps founders to pay for preliminary operations such as market research and product development.
- AI-driven features
- Features or functionalities of a product or service powered by artificial intelligence (AI). In the case given, these AI-driven features are designed to streamline sales workflows.
- ARR growth
- Annual Recurring Revenue (ARR) growth refers to the money that a company can predictably expect to earn from subscriptions over a year. It's a metric often used by SaaS or other subscription-based businesses to evaluate performance and growth.
Frequently Asked Questions
- How much pre-seed funding did Simplisales secure, and who led the funding round?-Simplisales secured $500,000 (£373k) in pre-seed funding. The funding round was led by SFC Capital.
- What new features will the funding enable for Simplisales?+
- What is the key innovation of Simplisales?+
- What success has Simplisales had with investors so far?+
- What are Simplisales' plans for the future?+
They've invested in Simplisales
Get to know these AI investors
Click here for a full list of 6,908+ startup investors in the UK