/Companies

PaletteHQ

YC S21

Paris, FR · Founded 2020 · 14 employees · Hiring · 18 known investors

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Palette is a platform for sales leaders and managers to set short-term goals, track performance, and motivate teams through personalized incentives and coaching programs. It integrates with CRM systems like Salesforce to provide real-time performance data and leaderboards.

Also known as Palette · PaletteHQ Inc. · PaletteHQ, Inc.

Founders & leadership· Y Combinator alumni (S21)

PaletteHQ was founded in 2020 by Jean-Edern Lorillon.

JLJean-Edern Lorillon
Jean-Edern LorillonFounderJean-Edern Lorillon has spent six years in the SaaS industry, including a role at Algolia where he contributed to customer growth from 200 to 8,500 accounts.
JD
J.Y Delmotte
FP
Fabien Pinel

Investors · 18

Also in the syndicate · 10

Adam PettitDanny ZorotovichJulien LemoineKyle PorterLiquid 2 VenturesMathilde CollinNick MehtaNicolas DessaignePeter KazanjyThejo Kote

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Palette, operating as PaletteHQ, Inc., sells cloud-based sales compensation software that lets finance, revenue-operations and sales teams design, calculate, manage and audit sales commission plans. The platform centralizes data pulled from CRM, billing and accounting systems into a single source of truth, applies a commission plan designer capable of complex calculation logic, and produces commission accruals, payout schedules and monthly statements that can be exported to payroll or HR software. Reps and managers see personalized dashboards updated in real time, which the company positions as a replacement for spreadsheet-based "shadow accounting."

Beyond calculation, the product includes reporting and scenario tooling: A/B testing and back-testing of compensation plans, what-if analyses on cash flow and business objectives, quota setting, ramp-up optimization, commission cost budgeting and payout forecasting. Operational features cover manual data overwrites with comment trails and change history, commission splits, dispute handling, plan comparison and ready-made plan templates. A "challenges" feature lets managers create short-term incentive contests against any chosen KPI. A reconciliation capability merges data sources — for example matching invoices or payments in a billing system to opportunities or deals in a CRM — so commissions can be paid only once cash is collected.

The company reports SOC 2 Type II certification with annual audits and GDPR compliance, and offers support by email, live chat and Slack alongside documentation and a public system status page.

Founding story

According to the seed funding announcement, Palette was founded in December 2020 by Jean-Edern Lorillon, Fabien Pinel and Jean-Yves Delmotte. Lorillon, the CEO, was previously a sales executive at the San Francisco-based search-as-a-service company Algolia, where by his Y Combinator profile he participated in growth from 200 to 8,500 customers; he has said he started Palette after finding that existing commission tools could not accommodate modern compensation plans built for product-led sales and consumption- or usage-based pricing. [5][6]

Business model

B2B SaaS sold to companies that run sales commission plans. Pricing is seat-based, where a seat is defined as a payee enrolled in at least one commission plan; administrator seats and accountant access are not charged. A one-time implementation fee applies and is scaled to each customer's plan complexity and use case. [2]

Recurring subscription revenue based on the number of commissionable payees, plus a one-time, customer-specific implementation fee. [2]

Traction

Y Combinator lists a team size of 14 and Active status, with engineering and wildcard roles open in Paris. At the time of the 2022 seed announcement the company said it was used by companies ranging from small businesses to publicly traded corporations, naming Nextech AR, EverCommerce, Gorgias, Mews, Kandji and GetAccept; Bain Capital Ventures cited early customer momentum as a reason for leading the round. Website testimonials come from Contentfly, Nextech AR, PlayPlay, Kandji and SalesScreen, and published case studies reference Voxel and Pagefreezer. [0][5][6]

Latest developments

Most recent sourced milestone is the May 2022 $6M seed round. Current website content (copyright through 2024) highlights SOC 2 Type II certification, an expanded integration catalog, the challenges feature, and recent content on sales compensation in the usage-based pricing era and customer stories from Voxel and Pagefreezer. [0][5]

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned in the sales compensation management category as an alternative to spreadsheets, BI tools and legacy incentive compensation software. Its investor and the company claim it is the only sales commission solution designed natively for transaction- and usage-based business models. Y Combinator classifies it under SaaS, B2B and Sales. [5][6]

Stated differentiators are native support for usage-, consumption- and transaction-based pricing models, real-time calculation and rep-level transparency, a flexible plan designer able to encode complex and conditional payout rules, reconciliation between billing systems and CRM so commissions are paid on collected cash, and fast, non-technical implementation. Security posture (SOC 2 Type II, GDPR) and white-glove support are also emphasized. [0][2][3][5]

Technology

SaaS platform combining a commission plan designer for complex calculation logic, a real-time calculation engine, personalized performance dashboards, history logs and audit trails, backups, encryption, and a reconciliation layer that merges billing and CRM records. Native integrations are offered with CRM and sales tools (Salesforce, HubSpot, Pipedrive, Outreach, Close CRM, Sellsy, NetSuite) and billing/accounting systems (Stripe, Chargebee, QuickBooks, Xero, Pennylane, SaaSOptics, Sapling HR). The company describes the product as implementable by non-technical users in a day. [0][3][6]

Go-to-market

Direct sales led by a "book a demo" motion on the website, supported by content marketing (blog, monthly expert insights on sales compensation, customer case studies) and public G2 reviews. Implementation is delivered by an in-house team through onboarding sessions that connect customer data, build commission plans and train administrators, with the company stating plans can be live within a couple of days. [0][2][3]

Finance, revenue operations and sales organizations at B2B companies — including SaaS, cloud, fintech and API businesses using usage-, consumption- or transaction-based pricing. Named users span small businesses to publicly traded corporations, and internal stakeholders range from CFOs and operations managers to AEs, SDRs, BDRs, sales engineers and sales managers. [0][5]

Geography

Headquartered and hiring in Paris, France, with US-facing operations reflected in a San Francisco-datelined funding announcement, a US phone contact and a Delaware-style "PaletteHQ, Inc." entity name; customers are described as international. [0][5][6][7]

History

Founded in December 2020 in Paris, the company joined Y Combinator's Summer 2021 batch. In May 2022 it announced a $6 million seed round led by Bain Capital Ventures, coinciding with TechCrunch coverage of its commission tool for modern sales teams. The website carries a 2020-2024 copyright under the entity PaletteHQ, Inc. [0][5][6]

Risks & controversies

Source data is inconsistent: the EU-Startups directory lists a founding year of 2021 and total funding of €100K-€500K, which conflicts with the December 2020 founding date and $6 million seed round reported in the company's funding announcement. No public controversies appear in the sources. [5][7]

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Seed funding raisedMay 2022$6M
Team sizeJan 202414 employees

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 10

EverstageEverstage is a sales compensation and commissions management platform that lets Ops teams build and adjust commission plans, gives Finance an audit trail with ASC 606-ready reporting and accurate payout calculations, and lets sales reps forecast earnings from live pipeline. It also offers add-on planning tools for territories and quotas, serving enterprise revenue, finance, and sales operations teams.
Namecard.aiNamecard.ai uses artificial intelligence to analyze business profiles and match companies with relevant contacts for growth opportunities. The platform helps businesses identify and connect with people suited to their specific objectives and challenges.
QuotapathQuotaPath is an AI-native sales commission tracking and compensation management system that lets teams design, run, and optimize comp plans while connecting incentive decisions to revenue outcomes. It serves Sales, RevOps, and Finance teams, integrating with CRM, ERP, accounting, and payroll systems to automate the end-to-end commission cycle.
CentralizeCentralize is an AI-powered relationship intelligence platform that maps buying groups and stakeholders across enterprise accounts using data from calls, emails, calendars, CRM, and networks. It helps sales and customer success teams identify decision-makers, identify blind spots, and execute more effective account strategies.
RemunerRemuner offers a platform for designing, managing, and automating variable compensation and incentive plans, including commission calculations, approval workflows, and performance dashboards. It targets sales and finance teams with tools for gamified challenges, earning simulations, and centralized team access to incentive information.
VogentVogent is a platform for building AI voice agents that can handle phone calls, powered by custom conversational models and text-to-speech technology. It serves organizations across industries including healthcare and customer support, offering no-code agent building, call routing, and post-call automation.
Forma AIForma.ai provides a sales performance management (SPM) system that helps enterprise organizations manage sales compensation, planning, and performance data in a unified platform. The product enables complex go-to-market operations by integrating sales comp, planning, and analytics to optimize revenue growth.
Rivia.AIRivia.ai provides a platform for creating and distributing interactive product demonstrations that SaaS companies can embed in websites, email, and advertising. Marketing and sales teams use the tool to quickly produce guided demos that allow prospects to explore products independently.
CaptivateIQCaptivateIQ provides a modern platform for automating commission and compensation management, helping companies align incentives with revenue outcomes. The platform serves sales-driven organizations looking to improve ROI on incentive programs and support sales rep motivation and performance.
DemodeskDemodesk builds AI agents that automate post-call sales work including CRM updates, deal rescue, and coaching for revenue teams. The platform serves sales organizations across Europe, from SMBs to enterprises, and is built with GDPR compliance and EU data residency.

Companies working in the same space as PaletteHQ.

Timeline · 3

launches, deals, and filings
Jan 2024
SOC 2 Type II certification

Company states it is SOC 2 Type II compliant and audited annually, and GDPR compliant.

source ↗

May 2022
Palette raises $6M seed round led by Bain Capital Ventures

Palette announced a $6 million Seed round led by Bain Capital Ventures, with participation from Liquid 2 Ventures, Twenty Two Ventures, Kima Ventures and a group of SaaS operator angels, to accelerate product development and expand sales and marketing.

$6M source ↗

Jan 2021
Participated in Y Combinator Summer 2021 batch

PaletteHQ is listed in the Y Combinator company directory as part of the Summer 2021 batch.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
PaletteHQ, Inc.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does PaletteHQ do?
Palette (PaletteHQ) is a cloud sales-compensation platform that automates commission calculation, tracking and payouts.
Who founded PaletteHQ?
PaletteHQ was founded by Jean-Edern Lorillon in 2020.
Who are PaletteHQ's investors?
PaletteHQ's investors include Bain Capital Ventures, Kima Ventures, Y Combinator, Allison Pickens Ventures, Liquid Ventures, MTP Advisors, Recall Capital, Twenty Two Ventures.
Where is PaletteHQ headquartered?
PaletteHQ is headquartered in Paris, FR.