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- Suger.io Secures $15M Series A to Transform Cloud Marketplace Transactions
Suger.io Secures $15M Series A to Transform Cloud Marketplace Transactions
Slice of Finance Team
18 Feb
Key Highlights:
$15M Series A funding led by Threshold Ventures, with support from Craft Ventures, Intel Capital, and Y Combinator.
Automates the quote-to-cash process for cloud marketplace transactions, reducing manual operations.
Scaled to 200+ customers, including Snowflake, Intel, Fivetran, DBT Labs, Notion, and ContentSquare.
Tripled marketplace volumes and increased contract values by 140%.
Expanding R&D to enhance cloud marketplace procurement and B2B e-commerce experiences.
Source: Business Wire
Notable Quotes:
“When we started working with enterprise companies and their complex systems, we discovered a surprising amount of manual copy/paste work, unmanaged automations, and hastily built in-house tools.”
“Suger’s innovative approach to cloud marketplace sales solves one of the most pressing challenges for B2B software companies today, including many in our own portfolio. Suger co-founders Jon and Chengjun have deep expertise in this emerging space and embody the tenacity, product obsession, and vision that we look for in exceptional founders.”
Why This Matters:
Cloud marketplaces are the fastest-growing channel for B2B software sales, projected to exceed $100B in annual transactions by 2028. However, businesses struggle with integration, automation, and scaling transactions. Suger.io’s AI-powered platform eliminates these pain points, allowing companies to scale faster and close 8-figure deals with ease. With this fresh funding, Suger is set to further revolutionize cloud marketplace sales and B2B e-commerce.