[Funding alert] Paris-based Qobra Secures €10 million Series A Round Funding
Oct 3, 2023 | By Startup Rise EU
![Paris-based Qobra Secures €10 million Series A Round Funding .A fundraising orchestrated by Singular, with the participation of the UK investor group Revenue Syndicate and our long-standing investor Breega.](https://startuprise.co.uk/wp-content/uploads/2023/10/Paris-based-Qobra-Secures-E10-million-Series-A-Round-Funding-.webp)
Paris-based Qobra Secures €10 million Series A Round Funding. A fundraising orchestrated by Singular, with the participation of the UK investor group Revenue Syndicate and our long-standing investor Breega.
Although the annual amount dedicated to variable remuneration for sales reps represents between 2 and 3 trillion dollars, Antoine Fort, Tanguy Moullec and Axel Poitral, three Centrale Supélec alumni, realized that this investment was rarely controlled.
Read also - London-based Startup Unitary Secures $15 million Series A Round Funding
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/11/Blackstone-Acquires-London-based-Software-provider-Civica-from-Partners-Group.webp)
Blackstone Acquires London-based Software provider Civica from Partners Group
Startup Rise EU
Nov 27, 2023
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/11/Eindhoven-based-Luna.ai-Raises-2.5M-in-a-Pre-Seed-Funding.webp)
[Funding alert] Eindhoven-based Luna.ai Raises $2.5M in a Pre-Seed Funding
Startup Rise EU
Nov 3, 2023
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/10/Barcelona-based-Incapto-Raised-E6-million-in-Funding-.webp)
[Funding alert] Barcelona-based Incapto Raises €6 million in Funding
Startup Rise EU
Oct 2, 2023
With this new €10m round of funding, Qobra's mission continues, and will begin in particular by accelerating new international acquisitions, especially in the UK, where we will be opening an office in London early 2024.
With the ambition of becoming the world's number 1 commission management platform, this round of financing will also enable us to double our workforce in 2024, from 30 to 60 employees!
Read also - Amsterdam-based Orquesta Raises €800K in pre-seed Funding
Commission management often relies on manual spreadsheets, which lack clarity, agility and reliability. Manual errors easily slip into Spreadsheets, causing, among other things, numerous back and forths between different departments.
Read also - Lausanne based Debiopharm Innovation Fund Launches $150 million Seed Funding Initiative.
Antoine Fort, co-founder and CEO of Qobra said, "Sales Compensation is the number one go-to-market investment for the vast majority of B-to-B companies, and the commission plan is one of the most powerful tools Management can use to guide salespeople's behavior. We are part of the new generation of software that is more flexible and more motivating for sales reps."
About Qobra
Qobra was founded in 2020, Antoine Fort, Tanguy Moullec and Axel Poitral, three Centrale Supélec alumni, found Qobra to revolutionize sales commission management.
World-class Sales teams have world-class Sales compensation plans. Qobra is a next generation Sales Compensation Software automating calculation, adjustments & approvals of Sales Commissions. Save time, build trust and drive growth.
Read also - Berlin-based Proptech Startup Novo Raises €1 million Pre-seed Funding
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2023/12/UK-based-Tribosonics-Secures-1.5M-in-Funding.webp)
[Funding alert] UK-based Tribosonics Secures £1.5M in Funding
Startup Rise EU Dec 16, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2023/10/Funding-alert-Genie-Raises-1.2M-Pre-seed-Round-to-Empower-Data-Science-and-RD-Teams-with-its-No-Code-App-Builder.webp)
[Funding alert] Genie Raises $1.2M Pre-seed Round to Empower Data Science and R&D Teams with its No-Code App Builder
Startup Rise EU Oct 5, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2023/10/Belgium-based-Ampacimon-Secures-10.6M-USD-Series-C-Round-Funding.webp)
[Funding alert] Belgium-based Ampacimon Secures $10.6M USD Series C Round Funding
Startup Rise EU Oct 17, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/Estonian-based-Mifundo-Raises-E2.5-Million-in-Grant-Funding.webp)
Mifundo funding news – Estonian-based Mifundo Raises €2.5 Million in Grant Funding
Startup Rise EU Jul 19, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2023/11/Lithuania-based-Green-Energy-Company-Green-Genius-Secures-E6.9M-in-Funding.webp)
[Funding alert] Lithuania-based Green Energy Company Green Genius Secures €6.9M in Funding
Startup Rise EU Nov 1, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/05/Deeptech-Startup-En-Carta-Diagnostics-Secures-E1.5-Million-in-Pre-Seed-Funding.webp)
En Carta Diagnostics funding news – Deeptech Startup En Carta Diagnostics Secures €1.5 Million in Pre-Seed Funding
Startup Rise EU May 22, 2024