PerformYard, an Arlington, Va.-based leader in employee performance management, closed a $95m equity investment from Updata Partners.

As part of the investment Carter Griffin, General Partner at Updata, will join PerformYard’s Board of Directors.

The company intends to use the funds to accelerate hiring across all departments.

Founded in 2013 by CEO Ben Hastingssaid, PerformYard provides an employee performance management platform with functionality and streamlined automation. The unified system streamlines and formalizes any performance process, from annual reviews to quarterly goals, continuous feedback, employee engagement and everything in between.

PerformYard has scaled its business with 5x revenue growth in the last 4 years.

Bravo, PerformYard! 🎉 Heartfelt congratulations on securing $95M in equity funding from Updata Partners. Your dedication to excellence shines through, and this significant investment is a demonstration to the trust and confidence in your vision. Wishing PerformYard continued success and innovation on this exciting journey.

~ Dr Shishir said Gupta founder & CEO of StartupLanes 

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