# CaptivateIQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/captivateiq

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.captivateiq.com
- Total disclosed funding: $162M
- Latest round: Series C (Jan 26, 2022)
- Investors on record: 10

## About

Founded in 2017 and based in California, US, CaptivateIQ, Inc. develops and provides a SaaS (software-as-a-service)-based platform that enables businesses to motivate teams by providing incentives through sales compensation software. Co-CEOs Mr. Conway Teng and Mr. Mark Schopmeyer, along with CTO Mr. Hubert Wong, co-founded the company and have raised venture capital fundings from private equity investors, including Amity Ventures, Foundation Capital, and Sequoia Capital. In April 2021, Accel led a USD 46 million series B funding for CaptivateIQ, Inc.

The company's product team develops SaaS-based sales compensation solutions that utilize AI(artificial intelligence) technologies to automate commission workflows within organizations to reward employees for their efforts. The platform offers several services: data integration, performance reporting, compensation management, and team collaboration.

The company generates revenue by providing a subscription-based sales compensation platform to various applications including, financial services, manufacturing, and business services.

CaptivateIQ, Inc. will use the April 2021 funding to accelerate the company's product development and expand the team.

## Funding rounds

- Series C, Jan 26, 2022, $100M — Accel, Hong Shan, Foundation Capital, Sapphire Ventures, Y Combinator, ICONIQ Capital, Workday Ventures, S28 Capital, GTMFUND, LLC
- Series B, Apr 7, 2021, $46M — Accel, Hong Shan, Y Combinator, S28 Capital, Amity Ventures
- Series A, May 27, 2020, $13M — Hong Shan, Y Combinator, S28 Capital, Amity Ventures
- Seed, Mar 14, 2018, $3.5M — S28 Capital, Amity Ventures

## Investors

- S28 Capital (https://capitalatlas.ai/funds/s28-capital) — Seed, Series A, Series B, Series C
- Amity Ventures (https://capitalatlas.ai/funds/amity-ventures) — Seed, Series A, Series B
- Hong Shan — Series A, Series B, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series B, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series C
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series C
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series C
- GTMFUND, LLC — Series C