WILMINGTON, N.C. — Durham-based Jurassic Capital announced Monday that it is investing $2.9 million into Performance Culture, a Wilmington-based software company that develops and sells a Performance Management platform to businesses worldwide.
According to a post on Jurassic’s website, Performance Culture 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. The release goes on to say that over the last 5 years, the company has become a market leader and is consistently recognized as a thought leader in the industry.
Jurassic partner Kevin Mosley posted, “We invested in Performance Culture because we are impressed by the team and culture developed by Dallas and Melissa, as they have grown the business consistently and profitably over many years. We are also excited 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.”