TLDR:
- Dice, an India-based enterprise spend management platform, secures $5 million in Series A funding led by Dallas Venture Capital and GVFL.
- The funding will be used to enhance market penetration, expand customer outreach, optimize sales and marketing strategies, and boost AI capabilities.
Dallas Venture Capital and GVFL have led a Series A funding round for Dice, an India-based enterprise spend management platform, raising $5 million. The funding will support Dice’s go-to-market initiatives, including deeper market penetration, expanding customer outreach, optimizing sales and marketing strategies, and enhancing AI capabilities to improve user experience. The company aims to democratize spend management through inclusive commerce, efficient payment rails, and robust transaction processing capabilities.
Dice operates as a corporate spend orchestration, digital commerce, and payments platform, utilizing AI to streamline B2B procurement processes. The company’s use of GenAI allows for automation of enterprise spend processes, customizable workflows, and a reduction in cycle times. The funding from Dallas Venture Capital and GVFL will empower Dice to broaden its product offerings, accelerate growth in international markets, and deliver more value to clients.
Kamal Bansal, GVFL’s Managing Director, expressed excitement in supporting Dice’s global expansion and future endeavors, noting the company’s AI-driven horizontal no-code solution for tackling inefficiencies in corporate spend management. This funding round marks a significant milestone for Dice as it prepares to scale operations and continue innovating in the enterprise spend management space.
