Country for PR: United States
Contributor: PR Newswire New York
Wednesday, May 25 2022 - 23:00
AsiaNet
Clozd, A Pioneer and Market Leader in Win-Loss Analysis Technology, Raises $52M in Series A Funding Led by Greycroft
SALT LAKE CITY, May 25, 2022 /PRNewswire-AsiaNet/ --

--With more than 150 B2B enterprise customers leveraging The Clozd Platform, 
they will use the funds to improve their real-time, win-loss analysis platform 
in order to increase win rates for customers.

Clozd ( 
https://c212.net/c/link/?t=0&l=en&o=3546216-1&h=282256307&u=https%3A%2F%2Fwww.clozd.com%2F&a=Clozd 
), a leading provider of win-loss analysis technology for corporate sales 
teams, has raised a $52M Series A funding round led by Greycroft ( 
https://c212.net/c/link/?t=0&l=en&o=3546216-1&h=1186888113&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3509872-1%26h%3D1028272343%26u%3Dhttps%253A%252F%252Fwww.greycroft.com%252F%26a%3DGreycroft&a=Greycroft 
). Other investors in this round include Madrona Venture Group and Album VC.

The Clozd Platform powers real-time, win-loss intelligence for business leaders 
who want to know the truth about why their company wins and loses deals. Clozd 
delivers a continuous stream of win-loss insight based on direct feedback from 
recent prospects to highlight the specific actions a company should take to 
increase win rates. This new category of business intelligence, provided by 
Clozd, helps business leaders hone product strategy, refine messaging, enable 
sales, and foster strategic alignment to bring more deals across the finish 
line.

"Getting accurate, real-time insight about why you win and lose is critical for 
any enterprise that wants to increase win rates and revenue. Unfortunately, 
many companies are undisciplined and inconsistent about this analysis, often 
basing their conclusions on the subjective feedback from sales reps," said 
Clozd co-founder and co-CEO, Andrew Peterson. "Clozd helps business leaders 
generate a continuous, automated stream of insight about why they win and lose 
that is based on the direct feedback of prospects and customers. The Clozd 
approach is becoming a de facto standard for B2B enterprises."

The demand for win-loss analysis among corporations across industries is 
well-documented. A joint study with The Pragmatic Institute revealed that 100% 
of companies that spend $100,000 or more per year on win-loss analysis plan to 
maintain or increase their level of investment. Clozd brings key information to 
business leaders in aggregate enabling targeted changes to increase revenue and 
build customer programs that positively impact the top line. Clozd's technology 
also complements integrations with popular CRM solutions including Salesforce 
with direct feedback from customers and recent prospects.

"Clozd is setting the standard in the nascent, highly coveted win-loss analysis 
category of business intelligence," said Mark Terbeek, Partner and Enterprise 
Software Head at Greycroft. "The Greycroft Enterprise team is always on the 
lookout for those rare early-stage companies that are not only building a 
compelling product, but are also a first-mover in a promising new market. We 
believe Clozd is doing all the above."

In five short years, Clozd has helped more than 150 B2B enterprises, including 
dozens of Fortune 1000 customers, to deepen their understanding of their 
successes and failures across various business operations.

About Clozd
Clozd is a leading provider of software and services for win-loss analysis. 
Based in Utah, we help B2B enterprises continuously monitor the real reasons 
why they win and lose business. We serve clients in a wide range of industries, 
including enterprise software, business services, healthcare, financial 
services, manufacturing, transportation, telecom, etc. To learn more, visit 
https://www.clozd.com.

About Greycroft
Greycroft is a seed-to-growth venture capital firm that partners with 
entrepreneurs of all backgrounds to build category-defining companies. We have 
deep experience investing in consumer, enterprise, digital health, and fintech 
sectors around the globe and work as a team to support and advise 
entrepreneurs, empowering them to execute on their visions. Greycroft manages 
over $2 billion in capital raised and has made over 200 investments since 
inception. For more information, please visit https://www.greycroft.com.

CONTACT: Trenton Romph, trenton@clozd.com

SOURCE: Clozd