Revenue management software developer Cube RM has reportedly collected a new investment round.
The funding was deployed by Marathon Venture Capital and is believed to between €500,000 and €1m, according to various reports in the media.
Greece-based Cube is a revenue management and optimisation software solution developer. The company uses machine learning and automation technology to help companies manage sales quotes, create and evaluate tender proposals and optimise pricing.
Cube offers three services, strategic product planning, configure price quote (CPQ) and tender central. Its strategic product planning solution helps businesses manage and forecast market and product data in order to optimise pricing.
Through the CPQ service, a client is able to access sales quote and tender management tools, discounts, rebates and incentive processing, and audit and compliance support.
The capital will be used to reinforce its office in Europe as well as opening new ones across Europe and the US, the articles state. Cube is hoping the capital will also enhance its R&D and its sales and marketing teams.
Marathon Venture made a selection of investments into FinTech companies during the tail-end of last year. One of its recent deals was a lead commitment to data streaming management company Landopp, which raised $1m for its seed round.
Last month, it was revealed JZ Capital Partners was looking to sell its stake in fellow revenue management company Bolder Healthcare Solutions for around $108m. The buyer is Cognizant, a professional services company that designs infrastructure for the banking, financial services and consumer goods industries.
Earlier in the year, Greece-based Hellas Direct closed a €7m investment led by IFC to support the expansion of its InsurTech platform across emerging markets.
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