Y Combinator startup Saleswhale raises US$1.2M to automate sales processes

Yon Heong Tung
Saleswhale_Ycombinator_startup

Saleswhale will use the funding to hire more engineers

Singapore-based Y Combinator startup Saleswhale has raised US$1.2 million in a seed round led by Gree Ventures. Other participating investors include Monk’s Hill Ventures, Gree Ventures and Wavemaker Partners, and a group of angel investors.

The angel investors include early Dropbox employee, Albert Ni; co-founder of Pie, Pieter Walraven; founder of Nonstop Games, Juha Paananen; co-founder of Zopim, Royston Tay; and CEO & Chairman of LCY, Chemical Group, Bowei Lee.

Saleswhale will use the newly-raised capital to hire more backend, data, machine-learning and natural language processing engineers.

Founded in December 2015 by Gabriel Lim, Venus Wong and Ethan Le, Saleswhale is an automated sales assistant that helps companies follow up with inbound & stale leads, engage them in two-way conversation and qualify them before routing them to human sales representatives. This helps to solve the problem of high sales employee attrition, and enforce best practices and sales processes for companies.

This automated sales assistant comes with its own name and its own email address. It is able to answer questions from potential prospects, and ask its own questions to qualify the prospect, just like a human salesperson would.

Once a prospect is qualified, Saleswhale will send calendar invites to the prospect and human sales reps in a round-robin manner.

To date, Saleswhale claims that its automated sales assistants have already generated over US$1.5 million in pipeline, and US$130,000 in closed deals for their dozens of customers since February 2017.

Image Credit: Saleswhale

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