Market Development · Case Study

Six figures closed and $2MM in pipeline for U.S. scale.

6-Figure Closed Won (ARR)
>$2 Million In Qualified Sales Pipeline
>10% Meeting Rate via Cold Outbound
140% Of meeting target (Customer Discovery phase)
70+ Sales Meetings conducted
6 Figures Of revenue closed
Industry
Retail Analytics
Funding Stage
Series A
Engagement
Market Development

e.Fundamentals is a UK-based enterprise startup providing eCommerce analytics to Fortune 1000 retailers and brands.

Where they are now Acquired by CommerceIQ

They were acquired by CommerceIQ in 2022, a SoftBank-backed company that has since crossed a $1 billion valuation.

JJELLYFISH e.fundamentals

The Challenge

As an enterprise startup targeting retail and CPG verticals, e.Fundamentals recognized the U.S. market as critical to revenue targets and fundraising. CEO John Maltman, an experienced enterprise sales executive, needed to generate customer proof and define a repeatable sales process before hiring a dedicated U.S. team. However, as a UK-based entity managing EU clients and product advancement, he was time-constrained. The company needed a commercial partner to navigate the U.S. market with a proven process, maintain tight feedback loops with target buyers, and move at speed to identify market opportunities.

The Solution

JJELLYFISH deployed a two-person team for a 9-month engagement combining Customer Discovery (3 months) and Market Development (6 months). During Customer Discovery, the team sourced buyer interviews, validated commercial assumptions within U.S. eCommerce teams, and mapped insights to the sales model—completing 140% of meeting targets in 90 days. This accelerated learnings that would have taken the CEO 9+ months. During Market Development, the team accelerated sales activities, refined the sales process, validated conversion metrics, and secured traction with early adopters.

The Results

e.Fundamentals gained confidence to hire a VP of Sales for North America and scale using the established playbook. The engagement delivered six-figures in closed revenue, over $2MM in qualified pipeline, and 70+ sales meetings.

John Maltman, CEO

As an experienced sales exec., I've seen many of these types of consulting engagements and studies. This is probably the best one I've ever seen. It was a big call for us.

John Maltman, CEO

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