Incentiv, a NYC-based platform form growth equity and private equity firms to attract, motivate and retain executive talent across their global portfolios, closed a $3M seed funding.
The round was led by Bowery Capital.
The company intends to use the funds to enhance its core platform, build out our go-to-market team, and introduce new features that help customers make data-driven decisions when it comes to all things incentives and talent management – from company equity plans & bonus pools to individual executive compensation & employment terms.
Co-founded by Matt Fanelli, Chris Chi and Yash Kochar, Incentiv provides a platform designed from the ground up to address the unique compensation and talent management challenges of private market investors. The solution leverages innovative technology including advancements in generative AI to help investment firms and private companies accomplish three major things:
- Save time & money: collect relevant benchmarks to calibrate your decisions to the market – so talent leaders don’t overspend or under-motivate.
- Make better decisions: Access the most comprehensive set of metrics updated in real-time to inform decisions across all types of management incentives.
- Attract top talent: Land exec team with data-driven offer packages.
FinSMEs
11/01/2024
