CaptivateIQ Valued at US$1.25 Billion After Series C Round

The no-code SaaS platform secured US$100 million in their Series C round led by Accel, Sequoia Capital and ICONIQ Growth


Vrisha Phrabhakaran

28 Jan, 2022

CaptivateIQ Valued at US$1.25 Billion After Series C Round | BEAMSTART News

- From our Sponsors -

CaptivateIQ is a no-code SaaS platform that helps clients create personalised sales and commission plans.

The platform provides auditable commission calculations at a scale that reduces reliance on traditional spreadsheets.

The San Francisco-based startup helps clients to improve their efficiency and lowers chances of potential errors as the platform provides fully automated calculations.

Latest Jobs

Junior Staff Accountant

Hona

Utah,

Full Time

USD 55000 — USD 65000 yearly

Product Strategist

Corgi

California,

Full Time

USD 100000 — USD 180000 yearly

Full Stack Engineer

Piramidal

New York,

Full Time

USD 120000 — USD 270000 yearly

Everything Intern

Kastle

California,

Internship

USD 100000 — USD 105000 yearly

Operations Manager

Rabbet

Colorado,

Full Time

USD 100000 — USD 150000 yearly

The no-code platform states that it has tripled its revenue since last year alone.

According to co-founders Conway Teng and Mark Schopmeyer, the development of CaptivateIQ comes from their own experience where they believe the outdated software in the market was not able to handle the flexibility and speed required by businesses today. 

Community Q&A

“We ultimately quit our jobs to basically build out the tool that we would have wanted to use,” Teng mentioned.

Mark Schopmeyer stated that managing commissions is difficult, and companies have been forced to choose between "two suboptimal choices" for the process — manual, opaque and error-prone spreadsheets or rigid and costly legacy solutions.

Since 2020 CaptivateIQ has seen a growing clientele from ClassPass, Intercom, Udemy, and more.

This growth came after 2020 when the company saw an uptake of its software used by companies outside the tech industry.

- From our Sponsors -

Latest Jobs

Founding Designer

Spur

New York,

Full Time

USD 140000 — USD 220000 yearly

Full-Stack Engineer

Clarion

New York,

Full Time

USD 150000 — USD 220000 yearly

Senior Software Engineer, Song Quiz

Volley

California,

Full Time

Salary Undisclosed

Director, Service Operations

Curri

California,

Full Time

USD 160000 — USD 190000 yearly

Founder's Office

CozmoX AI

California,

Full Time

USD 50000 — USD 100000 yearly

Launch Operations Specialist

RealRoots

California,

Contract

USD 80000 — USD 90000 yearly

Solutions & Sales Operations

Zensors

California,

Full Time

Salary Undisclosed

Account Executive (US)

Kombo

New York,

Full Time

USD 200000 — USD 220000 yearly

Product Strategist

Corgi

California,

Full Time

USD 100000 — USD 180000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).