Kronologic raises $20M in seed funding from Signal Peak Ventures, others

SaaS News - Kronologic raises $20M in seed funding from Signal Peak Ventures, others (source: SaaS Industry)
At a Glance

Kronologic has raised $20M in seed funding to develop its AI platform that helps users and businesses convert their sales leads into appointments. The funding comes on the heels of the company’s continuous growth.

Kronologic, provider of calendar modernization platform to convert sales leads into meetings, has announced an additional seed funding amount in a round led by Signal Peak Ventures that takes the total amount to $20 million.

In a press release, Kronologic stated that the funding comes amid its continuous growth and building of global enterprise customers such as VMWare, CDW, PayScale and more. The round was followed on by existing investors – Silverton Partners, Next Coast Ventures and Geekdom Fund.

Kronologic, founded in 2018, provides an AI-powered scheduling platform that prioritizes the most valuable interactions on a workday. The company intends to solve the last mile problem in digital sales, which hinders converting sales leads to appointments, through its platform that provides users with customizable meeting scheduling options.

Ben Parker, co-founder and COO of Kronologic, stated that in the era of digital sales, the last mile problem denoted the failure of converting sales leads to appointments, costing businesses millions in revenue and missed opportunities.

By leveraging our Calendar First™ technology, Kronologic eliminates the last mile problem entirely by automatically sending your most qualified, ready-to-buy leads a timely and tailored calendar invite as the initial and primary touchpoint. This has enabled sales teams to come into work with a full calendar of high-value meetings with no human effort. This ultimately drives revenue for businesses by lowering costs, saving time, and granting teams the ability to use their resources more strategically.

Ben Parker, co-founder and COO of Kronologic

Additionally, Kronologic’s platform integrates seamlessly with Microsoft, Google and Salesforce products to provide their users and business leads an efficient scheduling experience. 

The company said that the proceeds from the funding would be used to fuel the continued success of the company’s Calendar First™ technology, keeping them on track to triple its annual revenue for the second consecutive year. Reports state that the funding would also support customer growth and enhance its features and AI capabilities.

We are excited to release multi-guest technology, allowing the platform to not only automate one-to-one interactions but many to many interactions as well. This single technology increases our already-enormous addressable market by more than an order of magnitude

Trey Allison, co-founder and CEO of Kronologic

Scott Petty, co-founder and managing director of Signal Peak Ventures, stated that Kronologic is revolutionizing how sales pipelines are built by focusing on the buyer’s experience and added,

SPV’s investment underscores our confidence in Kronologic’s ability to upend an ineffective sales process. We are excited to be a part of the journey.

Scott Petty, co-founder and managing director of Signal Peak Ventures
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