ElevateHQ, an India-based B2B Software-as-a-Service (SaaS) company that reimagined how businesses use sales incentives to motivate their employees, raised $1.1 million in pre-seed funding.
The round was led by Leo Capital, with participation from Veda.VC, PointOne Capital and 100X Entrepreneurs.
The latest round of funding will be deployed towards the acquisition of talent, strengthening the product further, and making further inroads in North America.
Company: Komisi Technologies Pte Ltd
Funding Month: July 2022
Lead Investors: Leo Capital
Additional Investors: Veda.VC, PointOne Capital and 100X Entrepreneurs
Company Website: https://elevate.so/
Software Category: Sales Commission
About the Company: Founded in 2021 by Apoorv Singh, an INSEAD alumnus and former sales leader at Capillary & Mercer-Mettl, and Kartik Arora, former engineering leader at Skyscanner & Milkbasket; ElevateHQ helps companies motivate their sales teams and drive performance through its Sales Commission Automation platform. The platform already has dozens of customers across the USA, Europe, and Asia, and automated sales commissions across diverse industries including insurance, pharma, education, services, and SaaS. Some of ElevateHQ’s customers include Airmeet, Edgepetrol, Mercer-Mettl, LeverageEdu, Vymo, FreshConsulting, Horangi, and ESCO.