Forma.Ai Closes Usd$45 Million Series B Financing To Accelerate Revolutionary Ai-Supported Sales Performance Management Platform
Forma.Ai Closes Usd$45 Million Series B Financing To Accelerate Revolutionary Ai-Supported Sales Performance Management Platform
05/17/22, 9:01 AM
Location
torontoMoney raised
$45 million
Round Type
series b
Forma.ai, the Sales Performance Management solution (SPM) that is revolutionizing how sales compensation is designed, managed and optimized, today announced it has raised USD$45 million in Series B funding. The round is led by ACME Capital, along with Crosslink Capital, Golden Ventures, Uncork Capital, Xfund and Gaingels. With 400% revenue growth in 2021 and rapid enterprise adoption of its revolutionary SPM platform, Forma.ai plans to use the capital to expand its product development and go-to-market capabilities to meet growing demand in the SPM market.
Company Info
Location
toronto, ontario, canada
Additional Info
The company has upended the current cloud spreadsheet paradigm by uniting previously siloed incentive processes in a single, high-performance, instantly scalable, and infinitely flexible environment. This is why we have enthusiastically participated in this Series B round to help the company double down on its success and move towards an ambitious vision of revolutionizing how companies deploy sales compensation." To learn more, visit Forma.ai. About Forma.ai