Varicent is a Toronto-based SaaS company specializing in sales performance management (SPM) software. Its suite supports a company’s entire revenue journey, from territory and quota planning to incentive compensation, aiming to drive predictable growth. The platform includes a proprietary Revenue Performance Engine and delivers AI-driven insights to help optimize sales plans and incentive strategies. The company plans to use the new funds to advance its Revenue Performance Engine, accelerate delivery of AI-driven capabilities, and reinforce its position in key markets globally. Varicent is led by CEO Marc Altshuller and says the investment will help enhance its platform, customer experience, and partner ecosystem. The article does not disclose operating metrics or the amount raised. Varicent Software develops sales performance management (SPM) and incentive compensation management (ICM) solutions, including its Varicent SPM product. The company is based in Toronto, Ontario. The recent financing will support expansion of its international business and accelerate development of new features and functionality in Varicent SPM. Varicent also plans to broaden its reach into new verticals and advance mid-market penetration. The article reports a $35M capital injection led by FTV Capital to fund these initiatives. Several current investors remain involved in the deal.

Total raised

$35M

Funding rounds

2

Latest round

Series C

Latest activity

Oct 2009