Configit - About the company
Configit is an acquired company based in Copenhagen (Denmark), founded in 2000 by Henrik Hulgaard. It operates as a Platform providing CPQ solutions for SAP users. Configit has raised $86.7M in funding, with last known valuation of $*****. The company has 455 active competitors, including 70 funded and 36 that have exited. Its top competitors include companies like PandaDoc, Conga and Vendavo.
Company Details
Platform providing CPQ solutions for SAP users. The platform provides solutions that allows reps to prepare quotes using custom pricing rules. It also offers a content management system that allows reps to author configuration aspects of products, and a tool that helps building configurable applications. ABB and Land Rover are notable clients.
- Website
- configit.com
- Email ID
- *****@configit.com
- Phone Number
- +45 **********
- Registered Address
- REGUS - BIRMINGHAM BLYTHE VALLEY PARK CENTRAL BOULEVARD,SHIRLEY,SOLIHULL,ENGLAND,B90 8AG
Key Metrics
Founded Year
2000
Location
Copenhagen, Denmark
Stage
Acquired
Total Funding
$86.7M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jun 24, 2021
Investors
Ranked
7th among 455 active competitors
Employee Count
165 as on Aug 31, 2026
Exit Details
Acquired by Polaris Private Equity (Feb 04, 2016)
Legal entities associated with Configit
Configit is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CONFIGIT LTD CIN: 7883893 , United Kingdom, Active | Dec 14, 2011 | - | 8 (As on Dec 31, 2024) | |
Configit Holding A/S CIN: 37358827 , Denmark, Active | Oct 31, 2016 | - | 4 (As on Nov 30, 2024) |
Configit's acquisition details
Configit got acquired by Polaris Private Equity on Feb 04, 2016.
Click here to take a look at Configit's acquisition in detail
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Configit's funding and investors
Configit has raised a total funding of $86.7M over 5 rounds. Its first funding round was on Aug 07, 2002. Configit has 3 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Configit:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 24, 2021 | 1612232 | Series A | 3935460 | 1313731 | 6934937 | 1410263 |
Apr 26, 2018 | 9445358 | Series A | 1858366 | 4130052 | 4380491 | 7809909 |
Jun 30, 2017 | 7453286 | Series A | 7372176 | 1193202 | 5641708 | 4637083 |
View details of Configit's funding rounds and investors
Configit's founders and board of directors
Founder? Claim ProfileThe founders of Configit is Henrik Hulgaard.
Here are the details of Configit's key team members:
- Henrik Hulgaard: Co-Founder & CTO of Configit.
Configit's Board of Directors
Configit's board has 1 active member. Jan johan Kuhl is part of team.Here is the list of Configit's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Investor | Polaris Private Equity | Current | 10y 4m |
View details of Configit's Founder profiles and Board Members
Configit's employee count trend
Configit has 165 employees as of Aug 26. Here is Configit's employee count trend over the years:
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Configit's Competitors and alternates
Top competitors of Configit include PandaDoc, Conga and Vendavo. Here is the list of Top 10 competitors of Configit, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PandaDoc 2011, San Francisco (United States), Series C | Provider of document management and automation platform with e-signature capabilities | $61.9M | 70/100 | |
2nd | Conga 2006, Broomfield (United States), Acquired | Provider of document automation, contract lifecycle management, and revenue solutions | $140M | 68/100 | |
3rd | Vendavo 1998, Denver (United States), Acquired | Price optimization and management software for B2B Sales | $21M | 67/100 | |
4th | m3ter 2020, London (United Kingdom), Acquired | Platform offering SaaS based utility price management platform | $31.5M | 65/100 | |
5th | Customer relationship management solutions for SMBs | $90M | 65/100 | ||
6th | Platform offering cloud and AI based pricing management software | $131M | 63/100 | ||
7th | Platform providing CPQ solutions for SAP users | $86.7M | 60/100 | ||
8th | Cloud-based proposal and quote software for B2B sales | $8.87M | 60/100 | ||
9th | Design and CPQ for Complex products | - | 58/100 | ||
10th | Aligned 2021, Boston (United States), Series B | Cloud based sales enablement tools and customer success management solutions for enterprises | $73.8M | 57/100 |
Looking for more details on Configit's competitors? Click here to see the top ones
Configit's Investments and acquisitions
Configit has made no investments or acquisitions yet.
Reports related to Configit
Here is the latest report on Configit's sector:
News related to Configit
Media has covered Configit for a total of 8 events in the last 1 year, 2 of them have been about company updates.
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Configit Named Sample Vendor in Gartner Hype Cycle for Digital Commerce 2026PR Newswire•Jul 10, 2026•Configit
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Configit Named Sample Vendor in Gartner Hype Cycle for Digital Commerce, 2026PR Newswire•Jun 23, 2026•Configit
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Configit Named One of Denmark's Best Managed Companies by DeloitteEuropa Press•Jun 08, 2026•Configit
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Configit to Host Tenth Annual Configuration Lifecycle Management Virtual SummitPR Newswire•Apr 08, 2025•Configit
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Configit's New Value-Added Reseller Program Highlights US Market MaturityPR Newswire•Feb 19, 2025•Configit
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