Loading organizations...
Spiff is a technology company.
Spiff has raised $125.0M across 6 funding rounds.
Key people at Spiff.
Spiff has raised $125.0M in total across 6 funding rounds.
Spiff offers a sales compensation platform that automates commission calculations for businesses. It features an intuitive interface with real-time visibility and seamless integrations, empowering finance and sales operations teams to efficiently manage complex incentive plans. This technical design delivers enhanced transparency and accuracy across the entire commission process.
Founded in 2017 by Jeron Paul and Matt Stapleton, the company stemmed from an insight to build trust and motivation in organizations. They aimed to create a new class of commission software, merging spreadsheet familiarity with robust automation, thus simplifying sales compensation challenges.
Spiff serves high-growth businesses, enabling finance and sales operations to streamline compensation management. Sales professionals gain clear, real-time insights into earnings. The company’s vision focuses on fostering motivated sales teams through transparent, flexible, and user-friendly commission processes, driving continuous performance.
Key people at Spiff.
Spiff is a sales commission management platform that automates complex incentive compensation calculations, providing real-time visibility and transparency for sales, finance, and operations teams.[1][2][3][4] It serves high-growth businesses by simplifying compensation plan design, ensuring accuracy, compliance, and motivation to drive revenue growth, with key users including sales leaders, compensation managers, and HR professionals.[1][2][4] Founded in 2017 and headquartered in Sandy, Utah, Spiff raised $112M before its acquisition by Salesforce in December 2023, demonstrating strong growth momentum evidenced by G2 leadership, Gartner Customers’ Choice status (4.7/5 rating, 93% recommendation), and TrustRadius top ratings in compensation and sales performance management.[1][3]
Spiff was founded in 2017 in Sandy, Utah, addressing the pain of manual commission tracking in scaling sales organizations.[1][2] While specific founder details are not detailed in available sources, the company emerged amid rising demand for Incentive Compensation Management (ICM) software to handle complex sales incentives transparently and accurately.[1] Early traction built through an intuitive platform combining spreadsheet-like usability with automation, leading to $112M in funding across three rounds (including a $50M recent round), partnerships like NetSuite Partner of the Year in 2021, and eventual acquisition by Salesforce in December 2023, marking a pivotal validation of its model.[1][2][3]
Spiff rides the wave of sales performance management (SPM) and ICM software demand, fueled by enterprises managing large, distributed sales teams with multifaceted incentives amid remote work and data-driven sales trends.[1] Its timing aligns with post-2020 growth in SaaS revenue operations, where manual processes hinder scaling—Spiff's automation reduces errors and disputes, influencing ecosystems by integrating with CRMs like Salesforce to standardize comp transparency.[1][2][4] Market forces like AI-enhanced sales tools and economic pressures for efficient go-to-market strategies favor Spiff, positioning it to shape how tech firms optimize sales motivation in a competitive talent landscape.[1][3]
Post-acquisition by Salesforce in December 2023, Spiff is poised for accelerated integration into the Salesforce ecosystem, enhancing its SPM offerings with broader CRM data and global reach.[1] Trends like AI-driven personalization in incentives and zero-touch revenue ops will amplify its platform, potentially expanding to adjacent areas like quota management. Its influence may evolve from standalone innovator to core Salesforce enabler, sustaining leadership in commission automation as sales complexity grows—reinforcing its role in turning compensation into a growth engine from day one.[1][3][4]
Spiff has raised $125.0M in total across 6 funding rounds.
Spiff's investors include Ketan Karkhanis, Accel, Album VC, Anthemis Group, Fin Capital, General Catalyst, Global Founders Capital, Greenoaks Capital, Index Ventures, Kickstart Fund, La Famiglia, Lightspeed Venture Partners.
Spiff has raised $125.0M across 6 funding rounds. Most recently, it raised $50.0M Series C in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $50.0M Series C | Ketan Karkhanis | Accel, Album VC, Anthemis Group, Fin Capital, General Catalyst, Global Founders Capital, Greenoaks Capital, Index Ventures, Kickstart Fund, La Famiglia, Lightspeed Venture Partners, Luv Ventures, Meritech Capital Partners, monashees, Northzone, Norwest Venture Partners, Hans Tung, Picus Capital, Runway Growth Capital, Telescope Partners, Tiger Global Management, Vera Equity, Wave Financial, Anselm Bauer, Beau Laskey, Benjamin Guenther, Ellie Wheeler, Gregory Waldorf, Guilherme Bonifacio, Hanno Renner, Max-Josef Meier, Sebastian Schuon, Norwest Venture Partners |
| Jun 1, 2021 | $46.0M Series B | Arsham Memarzadeh | Alexi Robichaux, Daniel Dines, Hanno Renner, leslie stretch, Marc Maloy, Mark Anderson, Paul Melchiorre, Sean Jacobsohn, Bill Patterson, Paul Melchiorre |
| Jun 26, 2020 | $10.0M Other Equity | ||
| Jun 1, 2020 | $10.0M Series A | Album VC, Anthemis Group, Fin Capital, Kickstart Fund, Lightspeed Venture Partners, monashees, Norwest Venture Partners, Hans Tung, Runway Growth Capital, Telescope Partners, Tiger Global Management, Vera Equity, Wave Financial, Beau Laskey, Ellie Wheeler, Gregory Waldorf, Guilherme Bonifacio, Hanno Renner | |
| Oct 21, 2019 | $6.0M Other Equity | Kickstart Seed Fund, Peak Ventures, Peterson Partners, Pipeline Capital | |
| Jun 1, 2019 | $3.0M Seed | Album VC, Kickstart Fund, Lightspeed Venture Partners, monashees, Norwest Venture Partners, Hans Tung, Telescope Partners, Tiger Global Management, Vera Equity, Wave Financial, Beau Laskey, Gregory Waldorf, Guilherme Bonifacio, Hanno Renner |
