Pitchit Raises $2.5M in Seed Funding to Enhance AI-Powered Lead Qualification Platform
Pitchit is revolutionizing the way sales teams qualify leads by automating and optimizing the initial stages of customer interaction, enabling businesses to scale efficiently while maintaining a personalized touch in their sales processes.
Company Name: Pitchit
Location: San Francisco, CA
Sector: AI, Lead Qualification, Sales Automation
Funding Details: Raised $2.5 million in Seed funding in July 2024, led by Silicon Road Ventures with participation from Gray Ventures, Plug and Play, and Alchemist Accelerator.
Purpose of Investment: To expand AI capabilities, including more sophisticated text and voice recognition features, and enhance its integration ecosystem.
Product and Innovation: Pitchit, founded by CEO Paul Kleen, offers an AI-powered Lead Qualification as a Service (LQaaS) platform that automates the critical first 24 hours of manual labor involved in qualifying inbound leads. The platform integrates with over 7,000 channels—such as social media, CRM systems, email, SMS, and more—to streamline the lead qualification process. Pitchit’s solution automates quoting pricing, booking meetings, handling objections, and capturing personally identifiable information (PII) before passing qualified leads to human sales representatives.
By focusing on purchase-ready leads, Pitchit helps brands with high volumes of B2C sales across multiple consumer touchpoints to significantly improve sales qualified lead (SQL) conversion rates, reduce the time and cost per sale, and maximize revenue per sales representative. Additionally, the platform allows brands to offer a faster and more personalized sales experience, leading to enhanced customer satisfaction.
Company Growth: Pitchit has already made a substantial impact in the market, helping telecom and insurance sales teams qualify over 531,000 leads, saving more than 4,400 labor hours, booking over 4,000 meetings, and generating $280 million in customer revenue.
About the Company: Pitchit is revolutionizing the way sales teams qualify leads by automating and optimizing the initial stages of customer interaction, enabling businesses to scale efficiently while maintaining a personalized touch in their sales processes.