CaptivateIQ is a modern sales compensation software aimed to help businesses leverage the power of incentives to motivate teams.
CaptivateIQ is building an innovative product that empowers companies to manage and tailor their mission critical sales incentive compensation programs for their workforce.
CaptivateIQ was founded in 2017 by Mark Schopmeyer, Conway Teng, and Hubert Wong. The company is headquartered in San Francisco, California.
CaptivateIQ has developed a no-code platform to help companies design customized sales commission plans. It is modernizing how businesses compensate their hardworking teams with an automated and flexible, no-code commissions solution.
CaptivateIQ’s no-code software collates data from disparate sources like invoices and billing systems to power real-time calculations. Customers can use it to build, preview, and launch commission plans and share them in customized reports.
CaptivateIQ claims to have processed over $2.5 billion in commissions for tens of thousands of employees as of this year. Partners include Affirm, Gong, Intercom, TripActions, and hundreds of other companies.
CaptivateIQ is backed by Accel, Sequoia Capital, ICONIQ Growth, Sapphire Ventures, Amity Ventures, Y Combinator, S28 Capital, and others. The company raised $100M in Series C round on Jan 26, 2022. This brings CaptivateIQ’s total funding to $162.6M to daate. The latest round mints CaptivateIQ a unicorn with a valuation of $1.25B post-money.