Iconixx, an Austin, Texas-based provider of sales compensation software, closed $4.2M in funding.
The round was led by existing investors Ballast Point Ventures, Harbert Growth Partners, S3 Ventures, and the Iconixx management team.
The company, which has raised $24m in capital to date, will use the funds for product advancements and expansion of its sales team.
Led by Derrik Deyhimi, Chairman and CEO, Iconixx provides an enterprise class incentive compensation software platform which listens intently to every customer’s challenge – treating every interaction as an opportunity to understand the unique compensation needs of each customer. It diagnoses the problem and prescribe an automated path by configuring the software to remedy critical compensation issues.