Performio offers a SaaS platform that manages incentive compensation, streamlines commission calculations, and provides real-time insights to improve sales performance. The platform is designed to reduce the time, cost, and complexity of paying people on performance while enabling data-driven decision-making. Performio serves large global enterprises and mid-market customers, including Veeva, GrubHub, Johnson & Johnson, and Vodafone. The company is headquartered in Irvine, California, and maintains offices in San Francisco and Melbourne. Management says it will use new financing to continue product development, extend market reach, and explore new avenues for growth. CIBC Innovation Banking characterized Performio’s platform as a scalable approach to incentive compensation planning, calculation, management, and reporting. Performio provides an enterprise-grade, cloud-based SPM platform used by sales and finance teams to manage, calculate, and communicate incentive compensation, a process often performed manually. The company’s product automates complex commission calculations and incentive workflows for customers across banking, media, healthcare, manufacturing, technology, and software sectors. Performio was founded in Australia in 2006 and is headquartered in Irvine, CA; its leadership includes CEO Grayson Morris and CFO/COO Luke Teeple, and founder David Marshall. The company has established leading positions in North American and global mid-market and enterprise segments and counts clients such as AstraZeneca, BrowserStack, ChargePoint, Contentful, Drager, Johnson & Johnson, OnDeck, Simpli.fi, Veeva Systems, Vodafone, and WP Engine. Performio plans to use the new funding to support and accelerate product innovation and the advancement of its automation capabilities to serve a growing global customer base. No operating metrics (revenue/users) were disclosed in the article. Performio offers a cloud incentive compensation management solution that automates sales compensation calculations, increases transparency for sales reps, and adapts to changing market conditions. Founded in Melbourne in 2006 and now headquartered in Irvine with offices in San Francisco and Melbourne, the product serves mid-market and enterprise customers including Veeva, Optus, REA, Johnson & Johnson, and Vodafone. Since inception Performio has processed over $2 billion in commissions and says it has saved customers over 1 million administrative hours. The company entered the US market in 2018 and saw over 100% revenue growth in North America in 2020. With an investment from Flow Capital, Performio plans to accelerate its growth in the US by investing more aggressively in sales and marketing. The company aims to scale its go-to-market efforts while leveraging Flow Capital’s experience providing minimally dilutive capital to high-growth software businesses.

Total raised

$88M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2023