Performio Raises $75M for Its Sales Commission Software

Kristin Snyder

Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Performio Raises $75M for Its Sales Commission Software
Photo by freestocks on Unsplash

Performio, an Irvine-based provider of sales commission software, has raised $75 million in new funding.

The company announced Tuesday that growth equity firm JMI Equity led the funding, with JMI chairman Paul Barber and vice president Jack Duane also joining Performio’s board of directors. The new investment will go toward advancing the company’s technology and meeting the needs of its growing client base, it said.


Performio’s cloud-based sales performance management platform allows companies to oversee and automate their incentive compensation—a task that many firms have traditionally managed manually on spreadsheets. Its customers include AstraZeneca, ChargePoint, Johnson & Johnson and Vodafone.

Founded in Australia in 2006, Performio built up its business in the Asia-Pacific region before opening its global headquarters in Irvine in 2017 and subsequently growing its North American customer base. The company said it grew its revenues 77% year-on-year and more than doubled its number of employees globally in 2021. Last month, it announced the appointments of former Salesforce executive Neil Graham as chief revenue officer and former Datometry executive Dmitri Korablev as chief technology officer.

While private capital funding at large has slowed down in 2022, local software startups and SaaS-focused funds have continued to raise money through the first half of the year—a trend that speaks to the sector’s ongoing growth and appeal.
https://twitter.com/ksnyder_db

Subscribe to our newsletter to catch every headline.

Astrolab's New SpaceX-backed Rover Could Change Space Exploration Forever

Lon Harris
Lon Harris is a contributor to dot.LA. His work has also appeared on ScreenJunkies, RottenTomatoes and Inside Streaming.
Astrolab's New SpaceX-backed Rover Could Change Space Exploration Forever
Photo by Samson Amore

This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene.

Local Los Angeles-area startup Astrolab Inc. has designed a new lunar vehicle called FLEX, short for Flexible Logistics and Exploration Rover. About the size of a Jeep Wrangler, FLEX is designed to move cargo around the surface of the moon on assignment. It’s a bit larger than NASA’s Mars rovers, like Perseverance, but as it’s designed for transport and mobility rather than precision measurement, it can travel much faster, at speeds of up to 15 miles per hour across the lunar surface.

Read moreShow less

Meet the Creator Economy’s Version of LinkedIn

Kristin Snyder

Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Meet the Creator Economy’s Version of LinkedIn
Creatorland

This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene.

LinkedIn hasn’t caught on with Gen Z—in fact, 96% rarely use their existing account.

Considering 25% of young people want to be full-time content creators and most influencers aren’t active on LinkedIn, traditional networking sites aren’t likely to meet these needs.

Enter CreatorLand.

Read moreShow less
https://twitter.com/ksnyder_db

This Week in ‘Raises’: Total Network Services Gains $9M, Autio Secures $5.9M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in ‘Raises’: Total Network Services Gains $9M, Autio Secures $5.9M
This Week in ‘Raises’:

It has been a slow week in funding, but a local decentralized computing network managed to land $9 million to accelerate deployment of its new product called Universal Communication Identifier (UCID™). Another local company that secured capital included Kevin Costner’s location-based audio storytelling platform and the funding will go toward expanding the app’s content library and expanding into additional regions in the United States.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending