QuotaPath, a Philadelphia, PA and Austin, Texas-based commissions tracking and automation solution for sales and revenue teams, raised $41m in Series B funding.
The round led by Tribe Capital, with participation from existing investors Insight Partners, ATX Venture Partners, Stage 2 Capital and Integr8d Capital.
The company intends to use the funds to expand its global team, deepen its investment in technical strategy, expand its product portfolio, providing its paid users with more tools to track, automate and optimize compensation strategies, and integrate with CRMs, ERPs and payroll software.
Co-founded by CEO AJ Bruno, Eric Heydenberk and Cole Evetts, QuotaPath provides a commissions tracking and automation solution for sales and revenue teams across all industries.
The company plans to build an ecosystem of partners that includes integrations with additional CRMs, ERP and payroll programs. This will allow the platform to house the entire commission process, beginning with plan modeling and ending in payment of commissions. In addition to technical upgrades and integration plans later this year, QuotaPath will focus on partnering with customers on compensation plan strategy and design.