QorusDocs, a Bellevue, Washington-based proposal management software that streamlines responses to RFPs and automates proposal creation, announced that it secured $10 million in funding led by WestRiver Group.
The new investment will be used to address increasing customer demand for QorusDocs' proposal management software in growing legal, IT services, and staffing verticals.
"With the global workforce operating remotely and the unpredictability of the economy in recent years, we're seeing more and more organizations rely on automated tools that enable them to collaborate and develop winning proposals," said Ray Meiring, CEO and co-founder of QorusDocs. "Now more than ever, proposal, RFP, and sales teams are eager for solutions that will streamline the development process and help them secure more wins. This round of financing will enable our teams to meet the growing demand for our software."
The company recently formed strategic alliances with Highspot and Intapp, which integrate with Salesforce and Microsoft, allowing it to expand its presence in various industries, including law, accounting and management consulting, and IT services.
Company: QorusDocs Ltd.
Raised: $10.0M
Round: Unknown
Funding Month: October 2022
Lead Investors: WestRiver Group
Additional Investors:
Company Website: https://www.qorusdocs.com/
Software Category: Proposal Management Software
About the Company: QorusDocs is an AI-powered proposal management software that automates the creation of pitches and proposals that stand out and win new business deals. The software leverages Natural Language Processing to streamline organizations' RFP response process by scanning questions and selecting the most important and relevant answers for a specific opportunity. QorusDocs are personalized for each prospect, on-brand, error-free, and include content proven to lead to better win rates. It easily produces high-quality proposals that give your team the best chance to win. MinterEllison, Mace, and WSP, as well as leading law firms, were among the new professional services customers added by the company. Furthermore, four of the top twenty global law firms and 23 of the top 200 use QorusDocs' solutions.
Source: https://www.qorusdocs.com/pressroom/qorusdocs-secures-10-million-to-support-accelerated-demand-for-proposal-management-software