Venture Capital News: Logik.io Scores $16M Series A
CHICAGO, IL, Logik.io, the company consumerizing B2B buying experiences through its intelligent guided product discovery, configuration, and recommendation engine, has raised $16 million in Series A funding.
The round was led by Emergence Capital, which also backed high-growth category-leading businesses such as Zoom, Veeva, Box, and G2. Santi Subotovsky, General Partner at Emergence Capital, will join the Logik.io Board of Directors. ServiceNow Ventures also contributed to the round, and Salesforce Ventures returned as an investor in Logik.io. This news comes just months after Logik.io announced over 500% year-over-year growth.
Logik.io's Commerce Logic Engine uses intelligent-guided product discovery, configuration, and recommendation capabilities to eliminate high-touch selling processes by connecting customers to perfect-fit products faster. Logik.io's mission is to make selling simpler and buying better for every business across marketing, selling, commerce, and service channels by filling critical enterprise technology gaps in systems such as CPQ, ERP, and Commerce. For businesses selling manufacturing, software, technology, and services products, Logik.io helps every business grow smarter by creating revenue-maximizing sales experiences, and minimizing cost of sale.
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