Spiff
Commission automation, acquired by Salesforce
Jun
2020
Company Event
$10M Series A (Norwest)
Jun
2021
Company Event
$46M Series B (Lightspeed)
Sep
2023
Frazier Event
Frazier VC Fund IV secondary purchases
Dec
2023
Company Event
Acquried by Salesforce
Feb
2024
Company Event
Closed at $419M
Capital Events Timeline
Company Overview
Spiff built an incentive compensation management platform automating sales commission calculations and helping revenue teams manage complex compensation plans.
Why We Invested
Spiff's product reduces manual friction and improves trust in compensation outcomes with strong stickiness driven by compensation plan complexity.
Investment Vehicle
Frazier VC Fund IV
Investor
Frazier VC
Founded
2017
Sector
Enterprise & Revenue Operations
Legal Name
Spiff, Inc.
Status
Realized
Other Investors
Norwest Venture Partners, Lightspeed Venture Partners, Salesforce Ventures, Stripes, Album VC, EPIC Ventures, Crew Capital