Price f(x), a Pfaffenhofen, Germany-based price management, optimization and CPQ SaaS provider, raised an additional funding.
The new round, which brings the total amount raised to $8.3M, was led by existing investors Credo Ventures and Talis Capital and joined by Reflex Capital.
The company intends to use the funds to accelerate its global growth.
Established in 2011 in Germany by co-founder and CEO Marcin Cichon, Price f(x) provides a full suite price management and CPQ SaaS solution based on a native cloud architecture, offering support across the entire price management lifecycle, including Price Strategy, Controlling, Setting, Optimization, and Realization. The solution is suitable for B2B and B2C as well as any industry facing the pricing challenges of commercial organizations of any size and geographical location.
In the latest 12 months, the company has doubled the number of customers it serves and established market presence in the US and Asia Pacific with new offices in Chicago, IL and Brisbane, Australia, respectively.
09/01/2018: ERRATA CORRIGE: a previous version of the piece wrongly said that Price f(x) secured $8.3M in additional funding.