SALT LAKE CITY, UT, Spiff, the leading sales commission software for forward-thinking revenue and sales organizations, today announced the closing of a $50 million Series C fundraise.
The round was led by Salesforce Ventures with participation from Lightspeed, Norwest, Kickstart Fund, Album and others. The company will use the round to build on its industry-leading sales commission portfolio and to begin solving for other complex sales and finance processes that have historically relied on spreadsheets.
Spiff is a new class of commission software that combines the familiarity and ease-of-use of a spreadsheet with the power of automation at scale- enabling finance and sales operations teams to self-manage complex incentive compensation plans with ease. Spiff is designed to facilitate trust across organizations, motivate sales teams, increase visibility into performance and earnings, and ultimately, drive top line growth. The platform's intuitive UI, in-depth reporting capabilities, and seamless integrations make it the first choice among high-growth and enterprise organizations.
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