15Five, a San Francisco, CA-based continuous performance management platform provider, raised $52M in Series C funding.
The round was led by Quad Partners with additional funding from previous investors Next47, Origin Ventures, Edison Partners, Matrix Partners, Point Nine Capital, and New Ground Ventures.
The company intends to use the funds to invest in R&D to further connect the ability to measure performance (via engagement surveys, performance reviews, and OKRs) and accelerate the integration of software with coaching, so managers can impact team performance more effectively and efficiently. It will also scale its go-to-market strategy by expanding into new markets and pursuing potential future acquisitions.
Led by David Hassell, CEO, 15Five is a holistic performance management company, which equips HR teams with a complete, single-platform solution to improve manager effectiveness, drive high performance and engagement, and increase retention. The company offers a full suite of products including 360 performance reviews, in-depth engagement surveys, goal & OKR tracking, and weekly manager-employee feedback tools like 1-on-1s and pulse ratings. Together, all of these enable HR leaders to continuously measure engagement and performance within the flow of work and then empower their managers to drive change from the bottom up. HR leaders at over 3,400 companies, including Credit Karma, Spotify and Pendo use its software and services to make their talent a growth driver.
15Five intentionally built every aspect of its solution to meet the needs of small- and medium-sized businesses (100 – 2,500 employees), with a focus on intuitive design, ease of use, and rapid implementation and adoption. For example, it integrates with HRIS, payroll, and other critical systems that allow HR leaders to collect and analyze data on all aspects of how their people are performing to make strategic decisions and remain agile.
FinSMEs
21/07/2022