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SPIFF RAISES $46 MILLION Featured

Spiff, which markets sales commissions software, has raised $46 million in Series B. funding. New investors include Salesforce Ventures and Stripes in a round led by Lightspeed Ventures Partners.

The new round brings the total investment in Spiff to $68 million. Along with the funding announcement, the company says it has released a Spiff iframe right inside the Salesforce.com platform “so that customers can see their commissions and calculations in the platform they use most frequently”. The company said with the Series A funding it redesigned its flagship product, Spiff Commission Designer, which it describes as “the sales performance management industry’s first enterprise-grade compensation platform that is easier to use than a spreadsheet.” Spiff integrates with a large number of software types including CRM, ERP, HRIS  and business industry. Its integrations include NetSuite and Salesforce and Spiff says 70 percent of its customers use Salesforce.

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