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 Sep 30, 2026, the latest employee count at Varicent is 674.

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 117 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, Everstage and CaptivateIQ. 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 & 8 more

Ranked

2^nd among 117 active competitors

Employee Count

674 as on Sep 30, 2026

Investment & Acquisitions

Concert & 2 more

Similar Companies

Xoxoday & 132 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	£10M - £50M (As on Jun 30, 2025)	33 (As on Jun 30, 2024)

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

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 9 institutional investors.

Here is the list of recent funding rounds of Varicent:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 16, 2024	6898598	PE	5660565	8458915	1230259	2550051
Oct 01, 2009	5710174	Series C	5484404	7493403	6172678	Royal Bank of Canada & 1 more
2007	8477	Series B	2272	7877	3432	Royal Bank of Canada

Access funding benchmarks and valuations. Sign up today!

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 674 employees as of Sep 26. Here is Varicent's employee count trend over the years:

Uncover Varicent's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Varicent include Xoxoday, Everstage and CaptivateIQ. 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	Cloud-based platform providing digitized rewards, incentives, loyalty, and payouts solutions for businesses worldwide	$101M	Apis Partners, Mahindra & 17 others	78/100
2nd	Varicent 2003, Toronto (Canada), Acquired	Provider of incentive compensation management solutions for enterprises	$49M	Royal Bank of Canada, Information Venture Partners ... & 7 others	71/100
3rd	Everstage 2020, Wilmington (United States), Series B	Platform offering software to manage sales commissions	$44.7M	Elevation Capital, 3one4 Capital & 10 others	70/100
4th	CaptivateIQ 2017, San Francisco (United States), Series C	Platform offering sales incentive management software	$165M	Accel, Sequoia Capital & 9 others	69/100
5th	QuotaPath 2018, Philadelphia (United States), Series B	SaaS-based performance management system for sales professionals	$67.3M	ATX Venture Partners, Tribe Capital & 7 others	63/100
6th	Spiff 2015, Salt Lake City (United States), Acquired	Compensation and commission management software	$109M	Kickstart Seed Fund, Salesforce Ventures ... & 21 others	59/100
7th	Board 1994, Chiasso (Switzerland), Acquired	Cloud-based financial planning and analysis and budgeting solutions for enterprises	$23.8M	Grafton Capital	57/100
8th	Monocle 2023, New York City (United States), Acquired	Provider of an AI platform personalizing customer interactions across marketing channels	$7.5M	F2 Capital, irrvrntVC & 6 others	56/100
9th	Remuner 2023, Barcelona (Spain), Seed	Cloud based ERP software and management solutions for businesses	$8.68M	Pear VC, Seaya & 11 others	53/100
10th	Ancora 2017, Gurugram (India), Acquired	Provider of performance management solutions for enterprises	-	-	53/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Varicent's competitors? Click here to see the top ones

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)