Clarity, Control, and Commissions: Why We’re Doubling Down on ZenCentiv

We’re excited to share that The Bond Fund has increased its investment in ZenCentiv, marking our second investment in the company since first backing the team in 2024.

ZenCentiv is building modern, easy-to-use sales commission software designed to eliminate the complexity, errors, and disputes that plague incentive compensation management. For many organizations, commissions remain one of the most painful operational processes often handled manually, prone to mistakes, and difficult for sales teams to understand or trust. ZenCentiv brings clarity and automation to a critical part of how revenue teams operate.

Founded in 2022 and headquartered in Miami, ZenCentiv provides a scalable platform that automates commission calculations across the full incentive compensation lifecycle. Its software enables companies to design flexible commission structures, automatically handle adjustments and cross-border FX calculations, manage bonuses, and deliver real-time reporting that gives sales teams visibility into their performance and projected payouts.

The result is meaningful impact for customers: reduced administrative overhead, fewer disputes, improved auditability, and more motivated sales teams who can focus on selling rather than second-guessing their compensation.

Our decision to increase our investment reflects the progress ZenCentiv has made since our initial check from expanding its leadership team to strengthening its enterprise-ready platform and gaining traction in a large and growing market. The company is addressing a core operational challenge shared by businesses of all sizes, and doing so with a product built for flexibility, scale, and trust.

At The Bond Fund, we believe follow-on investments are earned. We increase our ownership when teams execute, learn quickly, and continue to build toward long-term value creation. ZenCentiv exemplifies that approach, and we’re proud to continue supporting Alex Kulik, Tom Rogers, and the entire ZenCentiv team as they move into their next phase of growth.