ElevateHQ raises $1.1 Mn led by Leo Capital

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.

ElevateHQ a B2B SaaS company that is re-imagining how companies use sales incentives to motivate their employees. We believe great results are only achieved when people are motivated – and our product is nothing but an extension of that philosophy. On a more day-to-day level, our product takes away the ambiguity and grunt-work behind manual sales incentive calculation, and allows companies to experiment with incentive plans that actually work for every employee – and not just top performers. We are a team of experienced founders who between them have built and sold software products pretty much all across the globe. We are backed by some of the best angels and institutional investors in India – and are growing at breakneck speed.

ElevateHQ seems to be a captivating startup with inspiring new development on software development platform. All the best to the whole group. This will give them an enormous achievement in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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