beqom, a Nyon, Switzerland-based provider of compensation management software, raised $300M in funding.
The round was led by Sumeru Equity Partners. Sumeru’s majority investment was led by John Brennan, Mark Haller, and Jialin Zhang.
The company intends to use the funds to accelerate growth in product innovation to support Compensation and HCM leaders worldwide.
Led by CEO Fabio Ronga, beqom provides a cloud-based compensation management solution that unifies all compensation and rewards processes on a single platform, from salary and bonus to deferred incentives and sales commissions. Designed to meet the needs of enterprises, beqom enables companies to attract and retain talent, engage and motivate employees, control costs, streamline processes, and ensure fair and compliant pay. It integrates with core HCM software, providing the capabilities needed to implement effective compensation strategies worldwide, without compromise. beqom is used across all industry sectors, from such companies as Mercedes Benz, PepsiCo, Pictet, and DHL, managing over $300 billion in compensation.
The company has 150 employees.