OneUP Sales, a Staffordshire, UK-based provider of a platform that helps businesses to manage and motivate sales teams, raised £2.25M in funding.
The round saw participation from MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), and Mercia’s EIS funds.
The company intends to use the funds to enhance its existing product and launch a new commission management solution later this year which will simplify the process of calculating and managing sales commission and help to further motivate salespeople, and to create a number of new jobs in the year ahead.
Founded in 2016 by two former games developers, Derry Holt and James Heath, OneUp Sales is a sales performance management platform specifically designed to help manage and motivate salespeople. It helps enhance reporting, improve salesperson accountability, create friendly competition, and celebrate wins. The product, which also integrates with almost 30 different types of customer relationship management (CRM) systems, is used by over 250 companies in the UK, including organizations in the recruitment industry such as Recruitment Entrepreneur, Xcede, Investigo, and Premier Group.
The latest investment follows two earlier funding rounds from Mercia and MEIF totalling £750,000. The company currently employs 36 staff.
FinSMEs
14/06/2023