Mithril Capital Management has led a $10 million Series B financing round for Performance Horizon Group, a partner marketing solution. The financing, which also saw participation from existing investors DN Capital and Greycroft Partners, will place Ajay Royan of Mithril on Performance Horizon's Board of Directors. Performance Horizon has now raised about $14 million in VC, receiving a valuation of over $14.5 million with its last raise in 2013.
The company's solution helps organizations connect with their partners and affiliates in real time; it includes tools for tracking, partner management, data optimization, partner payments and more. The technology is used in over 150 countries, and PHG has recorded 250% year-on-year growth since its founding in 2010.