Qobra to raise €5 million in a funding round led by Breega.

Qobra, a Paris, France-based SAAS developer of new gen sales compensation tools, announced completing a seed funding round closed at €5 million ($5.7M).

The money was raised from investors led by the French VC Breega Capital and will be used for business development in France, Germany and the U.K.

Qobra, founded in 2020 by Antoine Fort, Axel Poitral and Tanguy Moullec, developed a no-code digital sales compensation platform for businesses helping companies to automate any commission calculation rule quickly and seamlessly, thereby improving the confidence and motivation of their teams. The company says it has handled €100 million in commissions on its platform from a number of large clients, including Doctolib, Spendesk, Agicap and LaForêt Immobilier.

Qobra was preseeded by angel investors from France in 2020.