Munich-based startup Leadtributor is raising capital again. In its Series A3 financing round, the SaaS company is receiving a seven-figure sum from existing investors and a new investor.
Leadtributor has a Digitalization software for sales processes Developed by the company, the software manages the rapid processing and monitoring of leads to sales partners. With its business idea, the startup was able to convince various investors to increase its existing financing again, this time by several million euros. The exact amount is unknown. Existing investors include Bayern Kapital, the Swiss company Basetech Ventures, and Peter Dewald, the former managing director of Sage Software. New investors include Hamm Management Consulting.
Leadtributor receives millions in funding and wants to further develop its product
Leadtributor intends to use the capital injection to further develop the product's technology. Another focus is on building up the distribution network to open up additional markets. Last year, the startup had increased its Series A round from 2017 as plannedAt that time, Leadtributor used the fresh venture capital to further develop its IT infrastructure and hire new employees.
The company can now reap the benefits, as Leadtributor is now generating six times the license revenue of 2017. Customers include well-known companies such as Adobe, Huawei, Sage, and Haufe-Lexware. Interestingly, the Software-as-a-Service (SaaS) solution for companies from a wide range of industries whose sales channels are complex, multi-level, and previously manually organized. In the wake of digitalization, many companies are now seeking to resolve the question of how to digitize their collaboration with sales partners. Leadtributor has developed a solution for this.
Performance and data security have been improved
Roman Huber, Managing Director of Bayern Kapital, says:
"The Leadtributor team has achieved a lot in the past few months and is right on track. IT performance has improved significantly, and data security has been further enhanced."
For Roman Huber it is clear:
“The market potential for Leadtributor’s solution exists, as many companies need software to advance the digitalization of their sales and business processes.”
