Business-to-Business (B2B) software service provider ElevateHQ has raised $1.1 million in a funding round led by Leo Capital.
The round also saw participation from Veda VC, PointOne Capital, and 100X Entrepreneurs.
The India and Singapore-based firm will be deploying the funds towards the acquisition of talent, strengthening the product further, and making further inroads in North America, the company said.
Founded in 2021 by Apoorv Singh and Kartik Arora, ElevateHQ helps companies motivate their sales teams and drive performance through its sales commission automation platform.
Over the next year, ElevateHQ plans to capitalize on this strength and increase its customer base 10X.
The platform has dozens of customers across the USA, Europe, and Asia.
It has automated sales commissions across industries including insurance, pharma, education, services, and software-as-a-service (SaaS).
Some of ElevateHQ’s customers include Airmeet, Edgepetrol, Mercer-Mettl, LeverageEdu, Vymo, FreshConsulting, Horangi, and ESCO.
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