French startup Qobra secures $10.5 million in Series A funding, led by Singular, with participation from Revenue Syndicate and existing investor Breega.
Qobra streamlines sales compensation management for businesses, eliminating the need for Excel spreadsheets.
The startup integrates with various CRM, ERP, and data warehouse platforms, including Salesforce, HubSpot, Pipedrive, Microsoft Dynamics, Google Big Query, Snowflake, PostgreSQL, Zoho, and Amazon Redshift.
Operations and finance teams can establish compensation rules and targets based on historical data using Qobra's no-code interface, resembling a spreadsheet.
Qobra allows for the incorporation of variables like churn rate and monthly recurring revenue into the calculation of sales compensation.
The Series A round aims to bolster Qobra's growth and development efforts in the sales compensation management sector.