Performio, an Irvine, CA-based leading enterprise-grade sales commission software solution provider, has announced that it has received a $75 million growth investment led by JMI Equity ("JMI"), a growth equity firm focused on investing in leading software companies.

This additional funding will support and accelerate Performio's innovation and advancement of best-in-class products for automating incentive compensation management and serving the dynamic needs of its growing customer base worldwide.

Company: Performio

Raised: $75.0M

Round: Growth equity

Funding Month: June 2022

Lead Investors: JMI Equity ("JMI")

Additional Investors: 

Company Website: https://www.performio.co/

Software Category:  Compensation Management Software 

About the Company: Performio is a leading provider of a new breed of incentive compensation management software that combines enterprise-grade functionality with the ease of use required of modern software applications. The company's product is used by large global enterprises and growing mid-market companies worldwide such as AstraZeneca, BrowserStack, ChargePoint, Contentful, Drager, Johnson & Johnson, OnDeck, Simpli.fi, Veeva Systems, Vodafone, and WP Engine. Performio's feature-rich cloud application enables enterprises to automate their sales compensation calculations, provide increased transparency to their sales reps, and adapt to changing market conditions with confidence. 

Source: https://www.prnewswire.com/news-releases/performio-raises-75-million-growth-investment-led-by-jmi-equity-301567154.html