ElevateHQ Raises $1.1 Million

ElevateHQ, a B2B software service provider, has raised $1.1 million in a funding round led by Leo Capital. Veda VC, PointOne Capital, and 100X Entrepreneurs also participated in the round. The funds will be used to acquire talent, strengthen the product, and make further inroads into North America, India, and Singapore-based firms said in a prepared statement on Tuesday.

ElevateHQ, founded in 2021 by Apoorv Singh and Kartik Arora, helps companies motivate and drive performance through its sales commission automation platform.

"Our product eliminates the grunt work, ambiguity, and errors associated with manual commission calculation, and allows businesses to use incentives as a sales enabler, rather than a chore. Our goal is simple, we want to normalize transparent, real-time commissions for sales teams,” said Singh in the statement.

ElevateHQ focuses on serving a wide range of customers, so the product may mature across a variety of commission plans, team sizes, and structures. "Today, you can use our no-code commission builder to automate any commission rule under the Sun," Singh said. ElevateHQ intends to capitalize on this strength over the next year and more than tenfold its customer base.

“Sales enablement tools are becoming increasingly popular around the world, and sales commissions are becoming an essential component of this stack. ElevateHQ is uniquely positioned to serve global customers,” said Dinesh Singh, partner, Leo Capital.