What: Qobra has developed a sales compensation platform to help companies automate the calculation of commissions. The no-code system lets companies of any size connect to their CRM platform and define commission formulas for variable compensation.
Why: Compensation is one of the biggest costs for B2B companies. But these calculations are still often done by hand using Excel spreadsheets that can be complicated and time-consuming. In addition, the data needed to calculate commissions can be scattered across different departments and databases. Any errors can multiply that work and risk alienating talented salespeople. By centralizing and automating the process, Qobra promises to make commission payments more efficient and transparent.
Who: Co-founders: Antoine Fort, Tanguy Moullec, and Axel Poitral (formerly of PayFit).
Seed Round: €5 million
Investors: Led by Breega and including Business Angels Stephane Lee, Partoo co-CEO Thibault Renouf, Didomi Vice President of Sales EMEA Jerome Cohen, Nicolas Douay, Partoo COO Clément Bouillaud, Partoo co-CEO Thibault Levi Martin, and Olivier Occelli.
What's Next: Qobra will use the funding to continue product development, including adding new integrations for HRIS, ERP and Data Warehouse tools. Qobra is hiring for 30 positions.