PreSkale Secures Funding Round

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PreSkale Secures Funding Round
25 May 2022
5 min read

News Synopsis

A technological start-up PreSkale today announced a $500,000 pre-Seed funding round led by BoldCap, with participation from PointOne Capital and strategic angel investors including Sathya Nellore Sampath, Ajith Sowndararajan, Vaidhyanathan, Jayagopal, and Archana Priyadarshini.

Over the next 12 months, PreSkale plans to 20x its customer base and 3x its team size. It will also invest in Go-To-Market strategies and marketing initiatives to broaden its reach and awareness. Ajay Jay (Co-Founder & CEO) and Prashanth Ganesh (Co-Founder & COO) founded PreSkale in 2021 to improve product adoption early in the sales cycle and connect PreSales insights with go-to-market teams.

Jay worked with enterprise clients at Freshworks and RFPIO, managing documents, meetings, product discussions, POCs, RFPs, and other assets across a dozen tools. The workflow was extremely time-consuming, and there was no centralised platform to provide a well-rounded product evaluation experience. Ajay quickly realised that his efforts and time were also undocumented, making it impossible to track and analyse PreSales influence and contribution throughout the sales lifecycle.

Sathya Nellore Sampat, General Partner at BoldCap said, “PreSales is a relatively large team in most companies, and they generally collaborate across sales, product, and engineering teams. They enable sales teams to sell better and bring customer intelligence, and product requirements back to product and engineering teams. They are important, yet a massively underserved team, and that’s what got us excited”.

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