15Five, a San Francisco, CA-based continuous performance management company, closed a $30.7m Series B funding.
The round, which brought total capital raised to $42.6m, was led by Next47, with participation from Matrix Partners, PointNine Capital, Jason Calacanis’s LAUNCH Fund, Newground Ventures, Bling Capital, Chaifetz Group, and Chicago and Salt Lake City-based Origin Ventures.
The company intends to use the funds to further accelerate growth, scale sales and marketing, and continue to invest in their innovative product.
Led by David Hassell, co-founder & CEO, 15Five provides a continuous performance management solution that guides employee growth and development. Through strategic weekly check-ins, the system allows manager to maintain visibility and impact employee performance, including continuous feedback, objectives (OKR) tracking, recognition, 1-on-1s, and 360° reviews.
2,000 companies currently use the solution.
15Five plans to make a further investment in talent and more than double its 2018 headcount by the end of 2019 to a total of 190 employees.