Knoetic, a NYC-based platform for Chief People Officers that combines a social network and a SaaS analytics tool, raised $18M in Series A funding.
The round was led by Accel with participation from New York Times bestselling author Adam Grant, as well as Karan Mehandru (STEADFAST, and formerly Trinity Ventures), Dan Bomze (Founder/CEO of MileIQ), Sterling Road (Ash Rust), Bob Tinker (angel investor & Metamorph Partners), Jake Stein (Cofounder/CEO of Common Paper), Bob Moore (Cofounder/CEO of Crossbeam), Contrary Capital (Eric Tarczynski), Pear Ventures (Mar Hershenson & Pejman Nozad), and 100 other executives, thinkers, and founders.
The new capital will accelerate new product innovation and the expansion of the team.
Led by Joseph Quan, Founder & CEO, Knoetic embeds a social network of 1,000+ Chief People Officers, CPOHQ, directly into its people analytics software to provide an “Insight Engine” that gives CPOs both quantitative and qualitative insights to make holistic decisions about their workforce. Chief People Officers use Knoetic to build their board decks, present data to their CEOs, solve challenges with peers, and improve their employee retention, compensation, and hiring.
The startup’s customer + community base includes many of the world’s top technology companies, including Lyft, Squarespace, Amplitude, Snyk, Dollar Shave Club, and Zapier.