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Spiff Begins ‘Massive Overhaul Of Core Sales Commission Engine’ Following $50M Series C

May 16, 2023•over 2 years ago

Round Type

series c

Sandy

Investors

AlbumKickstart FundNorwestLightspeedSalesforce Ventures

Description

Spiff, providing sales commission software, secured $50 million in Series C capital and the launch of Spiff Designer, its newest model builder for finance and revenue teams.

Company Information

Company

Spiff

Location

8679 South Sandy Parkway, Suite B

Sandy, Utah, United States

About

Spiff automates and optimizes commissions plans (goodbye Excel spreadsheets) and motivates commissioned reps. Our goal is to solve the headache of running commissions for the finance team, reduce friction between finance and sales, and increase sales performance.

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Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers