Revelio Labs, a NYC-based workforce intelligence company, raised $4.0m in seed funding.
The round, which values Revelio Labs at a $29m, was led by Barclays and K20 Fund, with participation from NYU Ventures, BDMI, BoxOne Ventures, DataFrame Ventures, 840 Venture Partners and industry veterans, including Michael Recce and Jeremy Baksht.
The company intends to use the funds to continue to grow its business reach and its offering beyond investment management, to corporate HR and strategy.
Led by Ben Zweig, CEO, Revelio Labs builds tools to understand the workforce of every company. By ingesting the universe of public workforce data, the company has created a standard structure to unify job titles, skills, activities, and companies. Its data scientists develop methods to remove sampling bias and adjust for reporting lags to create a comprehensive, unbiased, and current understanding of workforce dynamics. The company’s workforce data provides insight on occupational composition, hiring and attrition trends, geographic composition, career transitions, and demographic diversity. Customers include investors, corporate strategists, HR teams, and governments, empowering them to make actionable, data driven decisions.