QuotaPath, a Philadelphia, PA and Austin, TX-based commissions tracking and automation solution for sales and revenue teams, announced that it raised a $41 million Series B funding.
The round was led by Tribe Capital, with participation from existing investors Insight Partners, ATX Venture Partners, Stage 2 Capital, and Integr8d Capital.
QuotaPath will use the latest round to fuel product development and expand integrations with CRMs, ERPs, and payroll software.
Company: QuotaPath, Inc.
Raised: $41.0M
Round: Series B
Funding Month: April 2022
Lead Investors: Tribe Capital
Additional Investors: Insight Partners, ATX Venture Partners, Stage 2 Capital, and Integr8d Capital
Company Website: https://www.quotapath.com/
Software Category: Sales Commission Software
About the Company: Founded in 2018 by AJ Bruno & Cole Evetts, QuotaPath is a sales performance management software that allows your sales team to increase earnings by tracking the commissions and measuring the performance of your sales. This software will enable your sales reps to understand your earnings more effectively with the help of real-time quota tracking and commission calculation. QuotaPath empowers and aligns sales organizations. Teams across all industries use QuotaPath's diverse set of features to measure performance and drive consistent ROI. As a product-led organization, QuotaPath is dedicated to building a beautiful and easy tool that simplifies commission calculation and quota attainment tracking. Founded in 2018, QuotaPath is co-headquartered in Philadelphia, PA, and Austin, TX.
Source: https://www.businesswire.com/news/home/20220426005034/en/Salestech-Startup-QuotaPath-Secures-41M-to-Fix-Broken-Sales-Compensation-Strategies https://www.quotapath.com/blog/sales-compensation-quotapath-series-b