India and Singapore-based B2B software-as-a-service (SaaS) start-up ElevateHQ has raised $1.1 million in a pre-seed funding spherical led by Leo Capital. Different traders who participated within the funding spherical included Veda.VC, PointOne Capital and 100X Entrepreneurs. ElevateHQ mentioned it could utilise the funds in the direction of buying expertise, strengthening product and making additional inroads within the North American market.
Commenting on the funding in ElevateHQ, Dinesh Singh, Accomplice, Leo Capital, mentioned, “ElevateHQ, we consider, is uniquely positioned to serve world prospects, and can turn into the go-to-tool for gross sales operations and enablement groups. We’re extraordinarily excited to again them on this journey.”
Throughout its first section of development, ElevateHQ centered on serving numerous prospects so the product may mature over a variety of fee plans, staff sizes and constructions. The beginning-up plans to capitalise on this energy and enhance its buyer base by round 10 occasions over the following yr, the corporate mentioned in an announcement.
ElevateHQ, which was based final yr by Apoorv Singh and Kartik Arora, helps corporations inspire their gross sales groups and drive efficiency via its Gross sales Fee Automation platform. The platform has prospects within the USA, Europe and Asia and automatic gross sales commissions throughout industries like pharma, insurance coverage, schooling, providers and SaaS.
A number of the platform’s prospects embody corporations like Airmeet, Mercer-Mettl, Edgepetrol, LeverageEdu, Vymo, FreshConsulting ESCO and Horangi.
“Our product eliminates the grunt work, ambiguity and errors related to guide fee calculation, and permits companies to make use of incentives as a gross sales enabler, fairly than a chore. Our purpose is easy, we need to normalise clear, real-time commissions for gross sales groups,” ElevateHQ co-founder and CEO Apoorv Singh famous.
He additional added, “At this time, you possibly can automate any fee rule beneath the solar suing our no-code fee builder.”