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Forma.Ai Closes Usd$45 Million Series B Financing To Accelerate Revolutionary Ai-Supported Sales Performance Management Platform

May 17, 2022over 3 years ago

Amount Raised

$45 Million

Round Type

series b

Toronto

Description

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 Information

Company

Forma.Ai

Location

Toronto, Ontario, Canada

About

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

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