Performio, a West Hollywood, California -based incentive compensation-software company, received $13M in debt financing.
CIBC Innovation Banking provided the financial resources.
The company intends to use the funds to conduct its long-term plans to improve the platform, extend market reach, and explore new avenues for growth.
Performio offers sales performance management software for businesses looking to automate their sales compensation calculations and provide increased transparency to their sales reps. Used by global enterprises such as Veeva, GrubHub, Johnson & Johnson, and Vodafone – as well as mid-market companies – the sales compensation software combines enterprise-grade functionality to expect from modern software applications to provide real-time insights, streamline commission calculations, and enable data-driven decision-making to improve sales performance.
The company has offices in San Francisco and Melbourne.
FinSMEs
13/09/2023