QuotaPath, a Philadelphia, PA and Austin, TX-based software as a service (SaaS) offering designed to allow employees who earn commissions to track their pay and quota attainment, raised $3.5m in funding.
The round, which brought total funding raised to date to $5m, was led by existing investment group ATX Seed Ventures.
The company intends to use the funds to add talent, build out Premium and Enterprise functionality, and accelerate go-to-market for its platform.
Founded in April of 2018 by AJ Bruno, CEO, and Cole Evetts, COO, QuotaPath provides a solution for sales teams to get access to a diverse set of features that simplifies the management of commissions. The company launched its initial platform to a group of early access users in September 2018. Having seen an increase in demand for the tool ranging from Fortune 500 companies to early startups, the company plans to open access to the public in Q2 2019.
The application will have paid functionality to allow companies to integrate with their Customer Relationship Management (CRM) system, but will always have a free option.