See other companies on Welcome to the Jungle

Logik.io

B2B commerce search and automation tool

Logik.io logo
21-100 employees
  • B2B
  • Enterprise
  • Sales
  • Procurement
Libertyville Township, Libertyville, IL

Company mission

To enable businesses to sell their products and services more effectively through direct sales teams and digital commerce channels with more guided, flexible, and interactive selling experiences.

Our take

For some companies, Salesforce's configuration, pricing and quote software (CPQ) is enough, but for businesses buying and selling at pace and scale in complex markets, the default functionality presents significant gaps that make finding products and closing deals unnecessarily expensive.

Logik.io was founded by the team behind BigMachines, a company that pioneered the CPQ space in the early 2000s. BigMachines was acquired by Oracle, which both broke its integrations with competitor Salesforce and prevented further developments along the product's roadmap. However, the founders remained in the space and, seeing a gap in the market, have returned with a product that represents decades of CPQ development and which reduces administration costs and increases efficiency across all sales channels.

This has led to Logik.io developing a rapidly growing customer base including the likes of Keysight Technologies, CORT and Fike, as well as a high degree of investment. Having recently closed a Series A funding round, the company intends to expand its operations and further develop its product. Already experiencing 500% year-on-year growth, it is well poised for future success.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Company values

  • Lead with Innovation
  • Optimize 1%
  • Give First
  • Invest in Each Other
  • Keep Customers First

Funding (last 2 of 3 rounds)

Oct 2024

$25m

SERIES B

May 2023

$16m

SERIES A

Total funding: $51m

This company has top investors

Leadership

Previously founded BigMachines, which was acquired by Oracle.

Godard Abel

(Executive Chairman)

Is also Co-founder & CEO of G2, and Executive Chariman at ThreeKit. Before that was SVP & GM with Salesforce and Co-founder of BigMachines.