Funding

KomboAI funding news – Barcelona-based KomboAI Secures €700k in Funding

Oct 3, 2024 | By Startup Rise EU

KomboAI funding news - Barcelona-based KomboAI Secures €700k in Funding

KomboAI, a company specialized in Artificial Intelligence solutions for the commercial sector, has closed its first round of investment, secures €700k in funding which has been led by Demium Capital, and supported by Encomenda and Eoniq.

SUMMARY

  • KomboAI, a company specialized in Artificial Intelligence solutions for the commercial sector, has closed its first round of investment, secures €700k in funding.
  • KomboAI provides a solution for the most common issues that a salesman encounters: interacting with consumers.

In addition to having Nuclio's backing, the business angels Daniel Visa, Charles Simonetti, Roger Sindreu, and Jared Gil took part in this pre-seed round.

Read also - Harmonic Security funding news – London-based Harmonic Security Raises $17.5Million in Series A Round Funding

With the use of artificial intelligence, this technology provides a human and intimate connection between buyers and sellers. KomboAI quickly scans a number of public databases to gather and evaluate several attributes of possible customers, then compiles this information into an easily readable summary for the vendor.

The intention is to enhance the abilities of sales teams by instilling in them a habit of studying and adhering to industry-validated sales practices, which will increase their conversion rate. In order to give precise and tailored recommendations throughout the sales process, it blends the science of artificial intelligence with the art of selling. This helps the salesperson and boosts their confidence while completing a deal.

Ignacio Gaminde, COO and co-founder of KomboAI said, “With this investment we are going to change the world of sales and create a new status quo to support the seller in reaching their full potential. Thanks to the trust of our investors we are going to be able to create a much safer and more efficient environment for sellers,”.

For Ale Pintaudi, CEO and co-founder of the platform. “Thanks to this investment we will be able to create an even stronger product that is used by small, medium and large companies, since we have noticed with the first clients that we solve a transversal problem that all those companies that have a digital sales channel have.” Pintaudi has expressed his satisfaction with the rapid evolution of the company since “with the first product that we launched in March, hundreds of salespeople are already using KomboAI.”

Key stakeholders in the entity's growth are the focus of Demium Capital's and a number of other successful entrepreneurs' support in this round.

Jorge Dobón, founder of Demium Capital, has explained his vision of the initiative: “A greater number of contacts with potential clients does not always impact a greater number of clients, since the more the number of tools that automate these processes increases, the more the contacts received by potential clients increase, negatively impacting conversion. This is where Kombo differs from most solutions by seeking an approach based on the quality of the contact versus the quantity of contacts.”

Mercè Tell, Key Partner of the N Ventures fund managed by Encomenda Capital Partners, has also expressed confidence in the project: “The Kombo team has a clear vision of how sales will evolve in the digital channel, and they have developed a product that adapts perfectly to the opportunities generated by artificial intelligence, and to the demands of the market, which are increasingly focused on team efficiency.”

Meanwhile, Tom Horsey, managing partner of EONIQ Fund, explained that “Kombo is the next evolution to be able to provide greater access to potential clients and to educate, train and improve the sales team of each company in terms of their sales capabilities by taking advantage of AI. At EONIQ we are very happy to be able to be part of this project and continue in it in the future.”

About KomboAI

KomboAI provides a solution for the most common issues that a salesman encounters: interacting with consumers. The idea that its creators present to the world is to do away with fleeting discussions that are ineffective in an industry where tools have oversaturated the introduction of mass mailings.

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