Spiff (Acquired by Salesforce)

Our mission is to bring trust and transparency to organizations by automating even the most complex commission plans.

Founded 2017

Sandy, United States 55 employees Series C Total: $112.00M Automation, Financial Services +3

Spiff, **_acquired by Salesforce_**, is a **_United States_**-based startup that focuses on automating and optimizing commission plans for organizations with the aim of bringing trust and transparency. The company's **_slogan_** encapsulates its mission: "Our mission is to bring trust and transparency to organizations by automating even the most complex commission plans." Founded in **_2017_**, Spiff operates in the industries of **_Automation, Financial Services, Fintech, SaaS, CRM, and Sales_**. Their platform aims to eliminate the use of Excel spreadsheets, providing a seamless solution that not only automates and optimizes commissions plans but also motivates commissioned reps. The overarching goal is to alleviate the burdens typically experienced by the finance team in managing commissions, as well as reduce friction between finance and sales teams, ultimately leading to increased sales performance. One of Spiff's significant milestones was the **_$50.00M Series C investment_** received on **_16 May 2023_**. This investment round saw the participation of notable venture capital firms including **_Album VC, Kickstart Fund, Lightspeed Venture Partners, Norwest Venture Partners,_** and **_Salesforce Ventures_**. The inclusion of these respected investors not only signifies confident backing for Spiff's vision but also underlines their potential for significant growth and impact within their target markets.

Funding Stage	Amount	Investors	Lead Investors	Date
Series C	$50.00M	5	Album VC, Kickstart Fund +3	16 May 2023
Series B	$46.00M	5	Salesforce Ventures, Crew Capital +3	01 Jun 2021
Series A	$10.00M	-		26 Jun 2020
Seed Round	$3.00M	-		21 Oct 2019
Seed Round	$3.00M	-		19 Jun 2019

Funding Stage

Amount

Investors

Lead Investors

Date

Series C

$50.00M

Album VC, Kickstart Fund +3

16 May 2023

Series B

$46.00M

Salesforce Ventures, Crew Capital +3

01 Jun 2021

Series A

$10.00M

26 Jun 2020

Seed Round

$3.00M

21 Oct 2019

Seed Round

$3.00M

19 Jun 2019

FAQ About Spiff (Acquired by Salesforce)

Our mission is to bring trust and transparency to organizations by automating even the most complex commission plans.

Spiff (Acquired by Salesforce) was founded in 2017.

Spiff (Acquired by Salesforce) is headquartered in Sandy, United States.

Spiff (Acquired by Salesforce) operates in Automation, Financial Services, Fintech, SaaS and CRM and Sales. Its work centres on Commission Automation, Sales Performance Management, Incentive Compensation and ERP Integration. Its customers include Sales teams, finance departments and operations teams.

Spiff (Acquired by Salesforce) has approximately 55 employees.

Spiff (Acquired by Salesforce) has completed 5 funding rounds, raising a total of $112.00M. The latest funding stage is Series C.

Spiff (Acquired by Salesforce) offers: Commission management platform that combines spreadsheet usability with automation for modern commission management..

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Spiff (Acquired by Salesforce) and Palettehq.com are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Spiff (Acquired by Salesforce)

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