Varicent, a Toronto, Canada-based provider of sales performance management (SPM) software, has secured a strategic investment.
Investors
The round was led by Warburg Pincus, along with existing investors Great Hill Partners and Spectrum Equity, with participation from the company’s management.
Warburg Pincus LLC is a leading global growth investor with over $84 billion in assets under management. Since 1966, the firm has invested over $117 billion in over 1,000 companies worldwide. It is headquartered in New York, with additional offices in major global cities.
Varicent Use of Funds
The company will use the funding to advance its Revenue Performance Engine framework, enhance AI-driven features, and solidify its global market position.
About Varicent
Varicent is an award-winning SaaS company that helps businesses fuel growth. Its suite of solutions supports a company's entire revenue journey to drive predictable growth, from planning territories and quotas to incentive compensation. With Varicent, companies worldwide can set smarter goals and territories to maximize revenue potential, create incentive strategies that motivate the right behaviors to achieve revenue goals and leverage AI-driven insights to make better decisions and outperform previous performance.
Funding Details
Company: Varicent
Raised: Undisclosed
Round: Strategic Investment
Funding Month: July 2024
Lead Investors: Warburg Pincus
Additional Investors: Great Hill Partners, Spectrum Equity
Company Website: https://www.varicent.com/
Software Category: Sales and Revenue Performance
Source: https://www.prnewswire.com/news-releases/varicent-secures-strategic-investment-from-warburg-pincus-great-hill-partners-and-spectrum-equity-302197206.html