Software start-up Bravanta raised $11.4 million in its third and final round of funding, the company said Thursday. Bravanta, based in San Francisco, makes employee incentive applications that help companies track and reward employee performance. The company has raised a total of $46.2 million and said it needs no more venture capital to become profitable.
Bravanta sells services to help companies define their business goals and identify employee behaviors that help it reach those goals. It also hosts software on the Web that helps managers keep track of employee achievements and award them noncash rewards, such as a watch or pen, sold by Bravanta. Customers include Gateway, British Airways and Ericsson.