Kennect, a Delaware and Mumbai-based Software-as-a-Service (SaaS) sales acceleration startup, announced that it raised $700,000 in seed funding.
The round was led by FortyTwo VC, a Dallas, Texas-based venture fund with an investment focus on disruptive enterprise tech opportunities.
With this investment, Kennect plans to ramp up its engineering team and expand its commercial presence in the North American and European markets.
Company: Kennect, Inc.
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: FortyTwo VC
Company Website: https://www.kennect.io/
Software Category: Sales Acceleration
About the Company: Founded in 2017 by Pulkit Agrawal (an IIT Bombay Alumni and an EY consultant) and Pralok Chhajed (previously worked with Takeda Pharmaceuticals, Northeastern University Alumni), Kennect is a leading cloud-based platform to automate incentive compensation management, improve sales rep engagement and drive sales performance. Kennect’s no-code platform allows enterprises to design, simulate and automate their incentive plans. The startup aims to become the preferred and most flexible, intuitive, user-friendly solution for sales incentives. It helps improve sales productivity by providing performance and incentive visibility for the sales reps. Kennect's mission is to deliver affordable, customized enterprise-level commission tracking software for the most innovative businesses around the world.