B2B software-as-a-service platform ElevateHQ has secured $ 1.1 million in a pre-seed round led by Leo Capital. Veda.VC, PointOne Capital and 100x Entrepreneurs have also participated in this round.
According to ElevateHQ, the capital will be deployed towards the acquisition of talent, strengthening the product and making further inroads in North America.
Founded by Apoorv Singh and Kartk Arora in 2021, ElevateHQ helps companies motivate their sales teams and drive performance through its sales commission automation platform.The product eradicates the grunt work and errors associated with manual sales incentive calculation. It allows sales teams to see exactly how much they are earning, and how much they can earn more-all in real time.
Based out of India and Singapore, the platform has dozens of customers across the USA, Europe, and Asia, and automated sales commissions across diverse industries including insurance, pharma, education, services and SaaS. Some of EvanteHQ’s customers include Airmeet, Edgepetrol, Mercer-Mettl, LeverageEdu, FreshConsulting, Horangi and ESCO.