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HomeInsightFunding Alert Kennect raises $700K in seed round of funding

[Funding alert] Kennect raises $700K in seed round of funding

B2B software-as-a-service (SaaS) sales acceleration startup Kennect has raised $700,000 in its seed funding round from FortyTwo VC.

B2B software-as-a-service (SaaS) sales acceleration startup Kennect has raised $700,000 in its seed funding round from FortyTwo VC.

The startup plans to use the funds to grow its engineering team and expand its business presence in North American and European markets.

Delaware and Mumbai-based Kennect was founded in 2017 by Pulkit Agrawal and Pralok Chhajed, It is a cloud-based platform to automate incentive compensation management, improve sales rep engagement and enhance sales performance.

Read also – [Funding alert] Bigspoon raises Rs 100 Cr in pre-Series A round

It also helps in improving sales productivity by providing performance and incentive visibility for sales representatives.

“We all know sales is hard and managing sales compensation can be a pain point for many companies. Kennect aims to reward the hard work of every sales professional through an incentive platform that helps them stay on top of their incentive earnings. With its intelligent nudge feature, every sales rep is now aware of their next best action in real-time to boost their take-home compensation,” said, Pulkit Agrawal, co-founder and CEO, Kennect.

The startup has clients from Indian and global pharmaceutical companies such as Sanofi, Zydus, Lupin, AstraZeneca, Lonza, among others.

“The team at Kennect – Pulkit, Pralok and Omkar have built the foundation for a great business. They have a leading platform, a marquee list of customers and a solid global GTM strategy,” said, Asutosh Upadhyay, co-founder and general partner at FortyTwo VC.

Read also – [Funding alert] Humalect raises 750K in seed round from StartupXseed Ventures

About Kennect

Kennect Inc is leading the way in Sales Performance Management, with everything businesses need to harness the power of Sales Incentives.

They are designed for complex, ambitious enterprises; Kennect clears immediate sales roadblocks with adaptable products and services delivering planning, strategy, and optimization. At Kennect, they provide a ready-to-use incentive platform that not only automates the calculation of incentives but also provides field force with tools to track their performance through the incentive lens.

Their mission is to deliver affordable, customized enterprise-level commission tracking software for the most innovative businesses around the world. Having Kennect in company will encourage more sales and business growth, real-time transparency in commission payments.

They’re here to provide you with the right platform which will inspire sales team and channel partners to stay motivated and connected to brand with their variety of proven sales effectiveness solutions.

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