QuotaPath Gains $41M to Demystify Sales Compensation
The startup has more than tripled its headcount from about 20 employees to nearly 70 since last summer.
Sales compensation is notoriously complicated. Trying to calculate a commission, bonus and other variables requires way more effort than is feasible for an account executive hustling to meet their quota.
QuotaPath, a software tool that allows sales teams to automatically track commissions, has helped demystify sales compensation for tens of thousands of users.
The company, which is headquartered in both Austin and Philadelphia, announced Tuesday that it plans to take its software to the next level with a $41 million capital raise.
The Series B round, which comes about nine months after a $21.3 million Series A round, brings the company’s total funding to $67.3 million.