Performio Raises $13 Million in Funding

by Kay Aloha Villamor in September 13th, 2023

Performio, a West Hollywood, CA-based incentive compensation software company, raised $13 million in growth capital financing.

SaaS Investors

The financing round was from CIBC Innovation Banking.         

CIBC Innovation Banking delivers strategic advice, cash management, and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from startup to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver.

Performio Use of Funds

The financing will support Performio's growth plans and the further development of its innovative platform.

About Performio 

Performio offers a Software-as-a-Service (SaaS) platform designed to simplify and enhance incentive compensation management. Their platform helps organizations streamline the complex process of paying employees based on their performance. It provides real-time insights, automates commission calculations, and enables data-driven decision-making to improve sales performance. Headquartered in Irvine, California, and with offices in San Francisco and Melbourne, Performio continues to offer sales performance management software for businesses looking to automate their sales compensation calculations and provide increased transparency to their sales reps.

Funding Details

Company: Performio

Raised: $13.0M

Round: Growth Capital

Funding Month: September 2023

Lead Investors: CIBC Innovation Banking

Additional Investors:

Company Website: 

Software Category: Compensation Management Software




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