Wilmington-based Performance Culture, which sells performance-management software has raised $2.9 million from Jurassic Capital. Jurassic disclosed the investment on its website.
Perfomance Culture helps companies build better teams for better results.
The partners in Durham-based Jurassic Capital founded and sold Bronto Software to NetSuite for $200 million.
On its report of the investment, Jurassic partner Kevin Mosley wrote, “The company was founded in 2015 by Dallas Romanowski and Melissa Phillippi as the software complement to a culture coaching business implementing the practices found in Romanowski’s book, Performance Culture.”
He added, “Over the past five years the company has become a market leader in the industry. We invested in Performance Culture because we are impressed by the team culture….as they have grown the business opportunity and is consistently over many years.”
Jim Roberts, founder of Network for Entrepreneurs in Wilmington and Wilmington Angels for Local Entrepreneurs, helped connect Romanowski to Jurassic Capital via partner Kevin Mosley. Roberts has been an active promoter of the entrepreneurial environment in Wilmington.
Mosely concluded, “Because the importance of performance management today has never been higher, given the need to engage employees and foster cultures in ever-changing environments. Our focus at Jurassic is to invest in regional B2B software companies to help them scale to the next level by leveraging our operational experience. Performance Culture fits that thesis perfectly.”