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Incentive Systems raises $18 million

Incentive Systems announced on Monday it raised an $18 million fourth round of funding. The Bedford, Mass.-based company, which has raised a total of $54.3 million, provides software that allows companies to manage compensation incentive programs. Incentive attracted investments from Thomas Weisel Capital, which led the round, and previous investors Polaris Venture Partners and BancBoston Ventures. See complete list.

Incentive Systems announced on Monday it raised an $18 million fourth round of funding. The Bedford, Mass.-based company, which has raised a total of $54.3 million, provides software that allows companies to manage compensation incentive programs. Incentive attracted investments from Thomas Weisel Capital, which led the round, and previous investors Polaris Venture Partners and BancBoston Ventures. See complete list.