Zugata, a Palo Alto, CA-based employee performance platform, raised $7m in Series A funding.
The round was led by Canaan Partners with participation from General Catalyst and Redpoint Ventures. In conjunction with the funding, Canaan Partners General Partner Hrach Simonian and General Catalyst Managing Director Steve Herrod will join Zugata’s board.
The company intends to use the funds to develop new products and to build sales and marketing teams.
Led by CEO Srinivas Krishnamurti, Zugata provides a mobile-first solution for employees to receive continuous feedback from the people they work with, along with personalized development resources. The platform’s analytics capabilities then make it possible for HR leaders to better understand team- and organizational-level skills and gaps to make better hiring decisions.
More than 500 organizations of all sizes – from startups to publicly traded companies including Lyft, Gusto, Gainsight and Enjoy – have used Zugata since the company emerged from stealth 12 months ago.