Octiv raises $4.75M

What does Octiv do?

Octiv, is a leading provider of sales productivity solutions. The company provides a sales productivity platform designed for creating and managing sales presentations, proposals, quotes and contracts. The company helps innovative marketing and sales teams improve the way their sales assets are created, distributed and tracked. Their sales producitivity platform levrages data from back office systems for creating automated workflows and deliver valuable buyer behavior insights.

How much Octiv was funded?

The company raised $4.75M in undisclosed round on September 8, 2016 from Allos Ventures, Greycroft Partners, High Alpha and GE Ventures.

Previous funding

$2.1M on February 25, 2013 from FundersClub and Tim Kopp

$3M in Series C on March 26, 2014 from Hyde Park Venture Partners and Allos Ventures

$7M in undisclosed round on October 18, 2015 from TMD Ventures, Greycroft Partners, High Alpha and Allos Ventures

What is next for Octiv?

The latest funding will be used for expanding its product capabilities, strengthening its engineering team and refining its go to market strategy. The company’ latest partnership with GE is the proof that workflow management in the clous has become a must have for enterprise companies which require scalable solutions. This investment deepens the company’s relationship with GE, and will helps the company in accelerating development priorities for its enterprise clients.

More about Octiv

Octiv was founded in 2010 by Dustin Sapp, Mike Fitzgerald and Kristian Andersen. The company has its headquarters in Indianapolis, Indiana. This company provides a sales productivity platform designed for the creation efficiencies in process workflows for creating and managing sales presentation, contracts and proposals. The company integrates data from CRM, ERP and CPQ and other systems for streamlining workflows, saving time and accelerating sales opportunities. This company serves 400 organizations including large enterprises such as Siemens and GE, national brands like Angie’s List and high growth enterprises like G/O Digital and DoubleDutch.