Equalto raises 3.5 million euros
The Berlin-based start-up offers software for commissions. Now it has raised 3.5 million euros in a current financing round, led by Cavalry Ventures.
Commissions automatically, effectively and always visible benefits - that's what Equalto's software promises. Now the Berlin-based company has raised €3.5 million in a recent funding round. Cavalry Ventures led the round, with Amaranthine, First Momentum Ventures, Helloworld.vc and Saarbrücker21 also participating. Business angels such as Felix Jahn of McMakler and Dieter Buchl and Stephen Weich of Flaschenpost also participated.
"The support of the experienced entrepreneurs who participated in this round shows us that we are dealing with a big and unsolved problem," says a delighted Co-CEO Gijs Hubben of Equalto, explaining the motivation for founding the start-up: "Companies have automated many business processes, but sales commissions are still stuck in the past. Equalto is the missing infrastructure."
Jahn is not only an investor but also a user of Equalto with his proptech: "With McMakler's rapid growth, we needed a single source of information for our sales commissions that was integrated into our tech stack. EqualTo turns our old manual process into an agile strategic asset."
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