Symbe, an AI-powered platform that helps sales teams win more deals by automating the creation of tailored business cases, has raised a €1.4 million pre-seed round led by Concept Ventures and joined by Pact VC, Notion Capital, and a range of leading angels through Nodes Ventures. Angels include Resolv Labs Founder, Fedor Chmile, Founders Capital CEO, Richard Hadler, and a series of angels from Stripe.
This pre-seed investment will be used to expand the Symbe team, further refine and expand the platform’s capabilities, and help drive the company’s growth across a range of global markets.
The company has been founded by a trio of serial entrepreneurs. Martin Blinder (CEO) and Thomas Laurbjerg (CRO), who scaled digital healthcare company Tictrac before exiting in 2022, and machine learning expert Xavier Wilders, who founded SME budgeting platform Beyond Labs, which was acquired in 2023.
When building their previous B2B tech platforms, the founders discovered that tailored ‘business cases’ – the metrics, modelling and narrative which demonstrate the value of a purchase to a specific client – were the key to converting customers. Building compelling business cases became their route to winning enterprise deals, but it was a laborious task involving customising spreadsheets, designing presentation decks, and building bespoke financial models. It drained time and energy from their teams. Symbe was built to enable companies to build brilliant, deal-winning business cases without the hassle.
Martin Blinder, CEO & co-founder of Symbe, commented: “The ‘business case’ sits at the heart of most B2B purchasing decisions – today more than ever. But the process of creating them has barely changed in recent decades. Companies are selling increasingly impressive, cutting-edge solutions, but often struggle to demonstrate their actual value and are held back by cumbersome sales approaches.“
“Teams deserve to have business case tools that are as impressive as the products or services they’re selling. That’s what Symbe is bringing to market: an AI-powered way of making your case, building trust between buyer and seller, and driving up sales. Through this tool, we are enabling teams to bring the Enterprise playbook to mid-market accounts in a cost-effective, impactful and scalable way,” added Blinder.
Founded in 2023, the AI-powered platform automates the development of compelling business cases; enabling sales teams to easily build customised and impactful ‘digital showrooms’ that irrefutably showcase their value. As a collaborative tool, the platform helps build trusted relationships with clients, generating evidence that can be championed by sales targets internally and helping to close more deals.
With over 20 beta-customers from a diverse range of sectors already using the platform to boost their sales, and with a large number of additional companies on track to onboard within the next quarter, the team behind Symbe believe their AI-powered tool could unlock billions in sales for businesses across Europe and the US over the coming years.
The Symbe platform uncovers key customer needs and pain points, before building a business case that showcases how the product or service will solve them. These customised, value-based stories can be used to showcase the impact of the purchase, as well as be leveraged by buyers when seeking internal sign-off from wider teams.
Oliver Kicks, Partner at Concept Ventures, said: “It’s always exciting when we hear about entrepreneurs who have landed on a truly untapped market. That’s what the team at Symbe has done. Every single company in the world is selling something. But very few have explored how AI and machine learning can turbocharge that process, whilst protecting the trust and personalisation that ultimately help teams win. Symbe’s technology will usher in a new frontier when it comes to how companies position their offering and ultimately close deals. We’re very excited to back this talented trio of founders at the beginning of their journey.”
Read the orginal article: https://www.eu-startups.com/2024/05/london-based-symbe-raises-e1-4-million-to-transform-sales-by-automating-the-creation-of-business-cases/
