Nue.io, the leading quote-to-revenue platform, has announced a successful seed extension funding round, raising $9 million to fuel the expansion of its product offerings and drive growth. The funding round was co-led by Bluefish Ventures and Penny Jar Capital, with participation from NJP Ventures and Operator Stack, as well as existing investors Information Venture Partners and NextWorld Capital. With this latest round, Nue has now raised a total of $15 million.
Nue’s platform provides innovative pricing, sales, and finance tools on the Salesforce platform, empowering businesses to navigate the ever-changing dynamics of the economy. In an increasingly dynamic business landscape, Nue’s solutions enable companies to drive new revenue, retain customers, and maintain agility. The company’s quote-to-revenue platform helps businesses of all sizes implement hybrid pricing strategies, streamline sales motions, and automate sales and finance processes within Salesforce. With Nue’s tools, businesses can efficiently generate quotes, manage expansion revenue, optimize pricing and sales strategies, and gain real-time revenue analytics. This, in turn, helps improve cash flow and reduce operating costs.
The funding will be used by Nue to expand its product offerings and strengthen its sales and marketing teams, enabling the platform to reach more businesses. Nue’s unified solution replaces fragmented CPQ (Configure, Price, Quote), billing, and custom code solutions, providing a comprehensive platform that accelerates sales and finance operations.
Mark Walker, CEO of Nue, expressed excitement about the funding and the company’s mission to empower businesses with easy-to-use quoting and billing solutions. He highlighted the market demand for Nue’s innovative platform and the company’s commitment to enabling its customers to respond swiftly to customer needs.
Customers have praised Nue for its impact on their operations. Julian Hannabuss, Director of RevOps at Procurify, emphasized the platform’s ability to facilitate the launch of new pricing models and manage customer lifecycles efficiently. Shep Maher, CRO of Betterworks, commended Nue for its rapid pricing adjustment capabilities and its contribution to navigating today’s challenging economic environment.
Alex Millar, General Partner at Bluefish Ventures, expressed enthusiasm for supporting Nue’s innovative solutions, recognizing the demand for a unified platform that consolidates CPQ, billing, and custom code solutions. He believes Nue’s platform will revolutionize sales and finance operations for companies, and he looks forward to witnessing the company’s progress with the new funding.
As Nue.io secures this seed extension funding, it is well-positioned to enhance its product offerings, expand its market presence, and continue its mission of empowering businesses with user-friendly quoting and billing solutions.