Xactly Raises $7.5M
San Jose, CA-based Xactly, which makes software for automating the tracking of commission-based compensation for sales staff, has raised $7.5 million in equity-based financing in a round that could total as much as $12.5 million, according to a regulatory filing published today. The identities of the investors weren’t disclosed, and Xactly representatives were not immediately available to comment on the funding. But the filing lists representatives from Alloy Ventures, Bay Partners, Informatica, Key Venture Partners, and Rembrandt Ventures as Xactly directors.
[Update, August 3, 2010] In an announcement today, Xactly pegged the final amount of its venture round at $12 million, and said funders included strategic investor Salesforce, as well as new investor Bridgescale Partners and existing investors Alloy Ventures, Bay Partners, Cheyenne Partners, Glynn Capital Management, Outlook Ventures, and Rembrandt Ventures.