The round was led by JMI Equity, 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.

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.