Sales Commission software firm Spiff bags $50m in Series C

Funding Rounds

▤ Summary

This investment round represents a significant vote of confidence in Spiff’s vision and its pioneering solutions. The firm’s core product offering focuses on sales commission software, which streamlines complex financial processes that were previously reliant on manual spreadsheet management. In addition to Spiff Designer, the businesses commitment to resolving broader issues within the Sales Performance Management category is evident. The company is on a mission to transform complex financial processes that hamper efficiency and productivity, such as Revenue Recognition, Forecasting, Allocations, and Territory & Quota Planning. Now with an influx of investment, we hope to build on the success we’ve already demonstrated with commission management and solve for broader challenges within the Sales Performance Management category.” The fresh funding also strengthens Spiff’s existing relationship with Salesforce.

$ Funding

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Amount $50.0M Total raised
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Date May 16, 2023 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
No industries detected
applications
ERP Software

◇ AskAI Classifications

Labels
SaaS Commission Management Software Sales Enablement

▦ Linked Companies

Spiff, Inc.
$10M to $25M