B2B software platform ElevateHQ receives $1.1 million in a funding round led by Leo Capital
- ByStartupStory | July 20, 2022
ElevateHQ, a B2B software service provider, has raised $1.1 million in a fundraising round headed by Leo Capital. Veda VC, PointOne Capital, and 100X Entrepreneurs also participated in the round. The funds will be used to acquire talent, strengthen the product, and make additional inroads into North America, according to India and Singapore-based corporations.
Apoorv Singh, the co-founder said, “Our system reduces the backbreaking labour, ambiguity, and inaccuracies associated with manual commission computation, allowing firms to employ incentives as a sales enabler rather than a chore. Our goal is straightforward: we want to standardise transparent, real-time commissions for sales teams. ElevateHQ focuses on supporting a wide range of customers, so the product may mature across a variety of commission plans, team sizes, and structures. Today, you can use our no-code commission builder to automate any commission regulation under the Sun.”
Dinesh Singh, partner at Leo Capital said, “As sales enablement technologies become more widespread around the world, sales commissions are becoming a crucial component of this stack.” “ElevateHQ is well positioned to service worldwide customers.”
About ElevateHQ :
ElevateHQ, founded in 2021 by Apoorv Singh and Kartik Arora, helps firms motivate and drive performance with their sales commission automation platform. ElevateHQ intends to leverage on this momentum over the following year and more than double its customer base. The platform has dozens of customers in the United States, Europe, and Asia. It automates sales commissions in businesses like as insurance, pharmaceuticals, education, services, and software-as-a-service (SaaS).
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