When was Varicent founded?

Varicent was founded in 2003 and raised its 1st funding round 3 years after it was founded.

Where is Varicent located?

Varicent is headquartered in Toronto, Canada. It is registered at SUITE 1, 7TH FLOOR,50 BROADWAY,LONDON,ENGLAND,SW1H 0BL.

Who is the current CEO of Varicent?

Marc Altshuller of Varicent. They have also founded 1 company.

How many employees does Varicent have?

As of Jan 31, 2026, the latest employee count at Varicent is 652.

Is Varicent a funded company?

Varicent is a funded company, having raised a total of $49M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2006.

When was the latest funding round of Varicent?

Varicent's latest funding was a $***** PE round on Jul 16, 2024, with participation from 1 investor.

Where does Varicent rank among its competitors?

Varicent ranks 2nd amongst 97 active competitors, of which 21 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Xoxoday, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Varicent?

Varicent's top competitors include Xoxoday, CaptivateIQ and Everstage. Among them, Xoxoday secured the most recent funding round in January, 2026.

Varicent - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of incentive compensation management solutions for enterprises. It provides incentive compensation management and sales performance management solutions for finance, sales, human resources, and IT departments. The solutions include incentive management, performance management, and others. The enterprises can set territories and quotas for sales teams and design complex compensation plans based on various factors. It offers embedded AI and GenAI assistants that help analyze data, optimize plans, and uncover revenue opportunities.

Website: www.varicent.com/
Social
Email ID: *****@varicent.com
Registered Address: SUITE 1, 7TH FLOOR,50 BROADWAY,LONDON,ENGLAND,SW1H 0BL

Key Metrics

Founded Year

2003

Location

Toronto, Canada

Stage

Acquired

Total Funding

$49M in 4 rounds

Latest Funding Round

PE, Jul 16, 2024, $*****

Investors

Warburg Pincus & 7 more

Ranked

2^nd among 97 active competitors

Employee Count

652 as on Jan 31, 2026

Investment & Acquisitions

Concert & 2 more

Similar Companies

Xoxoday & 5223 more

Exit Details

Acquired by Great Hill Partners (Nov 25, 2019)

View Varicent's full profile

Varicent is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VARICENT UK OPCO LIMITED CIN: 12321098 , United Kingdom, Active	Nov 18, 2019	$8.23M (As on Jun 30, 2021)	33 (As on Jun 30, 2024)

Varicent got acquired by Great Hill Partners and Spectrum Equity on Nov 25, 2019. It was facilitated by Sidley.

Click here to take a look at Varicent's acquisition in detail

Varicent has raised a total funding of $49M over 4 rounds. Its first funding round was on 2006. Its latest funding round was a PE round on Jul 16, 2024 for $*****. 1 investor participated in its latest round. Varicent has 8 institutional investors.

Here is the list of recent funding rounds of Varicent:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 16, 2024	6681950	PE	9634832	4757063	8932372	8956842
Oct 01, 2009	3592288	Series C	8183321	5702407	1022819	Royal Bank of Canada & 1 more
2007	1664	Series B	7837	7216	4401	Royal Bank of Canada

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View details of Varicent's funding rounds and investors

The founders of Varicent is Marc Altshuller. Marc Altshuller is the CEO of Varicent.

Here are the details of Varicent's key team members:

Marc Altshuller: Founder & CEO of Varicent.

View details of Varicent's Founder profiles and Board Members

Varicent's employee count trend

Varicent has 652 employees as of Jan 26. Here is Varicent's employee count trend over the years:

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Top competitors of Varicent include Xoxoday, CaptivateIQ and Everstage. Here is the list of Top 10 competitors of Varicent, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Xoxoday 2012, Bengaluru (India), Acquired	Provider of rewards, recognition, loyalty, incentives, and payout program solutions	$30.6M	Mahindra, Giift & 17 others	79/100
2nd	Varicent 2003, Toronto (Canada), Acquired	Provider of incentive compensation management solutions for enterprises	$49M	Warburg Pincus, Royal Bank of Canada & 6 others	71/100
3rd	CaptivateIQ 2017, San Francisco (United States), Series C	Platform offering sales incentive management software	$165M	Accel, Sequoia Capital & 9 others	69/100
4th	Everstage 2020, Wilmington (United States), Series B	Platform offering software to manage sales commissions	$44.7M	3one4 Capital, Eight Roads Ventures & 10 others	66/100
5th	Board 1994, Chiasso (Switzerland), Acquired	Cloud-based financial planning and analysis and budgeting solutions for enterprises	$23.8M	Grafton Capital	63/100
6th	Forma 2016, Toronto (Canada), Series B	Provider of sales performance management software for incentive compensation and planning	$55M	ACME, Crosslink Capital & 6 others	60/100
7th	Remuner 2023, Barcelona (Spain), Seed	Cloud based ERP software and management solutions for businesses	$8.68M	Seaya, Pear VC & 11 others	59/100
8th	Spiff 2015, Salt Lake City (United States), Acquired	Compensation and commission management software	$109M	Kickstart Seed Fund, Norwest & 20 others	59/100
9th	QuotaPath 2018, Philadelphia (United States), Series B	SaaS-based performance management system for sales professionals	$67.3M	ATX Venture Partners, Insight Partners & 7 others	51/100
10th	Herald Logic 2002, Mumbai (India), Seed	Provider of sales incentive compensation management platform and managed services	$220K	TRIITON Mentors and Advisors & 23 others	50/100

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Varicent has acquired 3 companies including Concert, FunnelCake and Symon. Varicent has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 10, 2021	Acquisition	Concert	2017	New York City (United States)
Oct 06, 2020	Acquisition	FunnelCake	2014	Kitchener (Canada)
Jan 21, 2020	Acquisition	Symon	2019	Toronto (Canada)