Spiff
Latest round
- Series C
Last raised
- May 2023
Total raised
- $115M
Investors
- 10
About Spiff
Spiff Inc.Spiff Inc. specializes in developing commission management software. Founded in 2017, the company is headquartered in Sandy, US. The founders include Albert Candari, Casey Crouch, Jean-Philippe Maitre, and Matt Stapleton. In December 2023, Spiff was acquired by Salesforce, Inc.00 mn, marking a significant milestone in its growth strategy. The company has completed a total of 7 deals since its inception, with the most recent deal occurring on December 18, 2023.Spiff, Inc. specializes in commission management software designed to streamline the complexity of commission tracking and calculation processes for organizations. Their core offering integrates seamlessly with Salesforce, combining the user-friendly interface of a spreadsheet with advanced automation capabilities. This software enables businesses to create and manage commission plans efficiently, ensuring transparency, real-time visibility, and flexibility throughout the commission process. By leveraging data-driven insights, Spiff aims to motivate sales teams and enhance job satisfaction while driving greater productivity.Spiff generates revenue through its subscription-based model, which provides clients access to its comprehensive commission management platform. This model typically involves tiered pricing plans tailored to the complexity and scale of each organization’s commission programs. Clients engage with Spiff to implement and manage their commission structures, with transactions generally occurring on an annual or monthly basis based on the selected subscription plan.In December 2023, Salesforce, Inc. agreed to acquire Spiff Inc.00 mn as part of a strategic initiative to enhance visibility, accelerate sales, and support expansion. This acquisition is expected to bolster Spiff's business offerings and facilitate entry into new markets. Plans for future growth include the development of new product features aimed at improving commission management and the potential expansion into additional geographic regions, specifically targeting markets beyond North America and Europe.
Who invested in Spiff
10 investors across 5 rounds
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Questions about Spiff
Who invested in Spiff?
Spiff has 10 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Spiff raised?
Spiff has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Spiff last raise money?
Spiff's most recent round on record is a Series C, in May 2023.
What does Spiff do?
Spiff is a software company.
Where is Spiff headquartered?
Spiff is headquartered in Sandy, US.
Which VCs invest in companies like Spiff?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Spiff's stage. Their profiles are linked below.
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