CaptivateIQ, a San Francisco, California-based leader in sales commission software, announced that it raised $100 million in Series C financing, increased post-money valuation to $1.25 billion since Series B ten months ago
The round was led by ICONIQ Growth, Accel, and Sequoia, with Sapphire also joining as a new investor this round.
The company plans to use this investment to continue the development of the core product features that further empower everyone involved in the commission process – finance, operations, and sales teams – to better adapt to change and more easily tailor plans, workflows, and outcomes to meet the unique needs of their business.
The company also intends to fuel hiring across all teams including engineering, product and design, and sales and marketing.
Company: CaptivateIQ, Inc
Raised: $100.0M
Round: Series C
Funding Month: January 2022
Lead Investors: ICONIQ Growth, Accel, and Sequoia
Additional Investors: Sapphire
Company Website: https://www.captivateiq.com/
Software Category: Sales commission software
About the Company: Founded in 2017, CaptivateIQ is the leader of an emerging class of Incentive Compensation Management solutions that makes sales commissions easy to track and manage with automated and flexible workflows. CaptivateIQ, the new standard in commission management, enables companies to reclaim the power of incentives with a platform built for revenue teams. CaptivateIQ is the most flexible compensation platform, empowering customers to sync their data, design any plan and build workflows that work best for their business. Leading companies like ClassPass and Gong rely on CaptivateIQ to transform their data, build any commission plan, and simplify their workflows to maximize productivity and achieve revenue goals.
Source: https://www.prnewswire.com/news-releases/captivateiq-raises-100-million-series-c-led-by-iconiq-growth-accel-and-sequoia-to-automate-incentive-compensation-management-and-fuel-high-performing-revenue-teams-301468372.html