Strive, an Oakland, CA-based provider of employee experience solution software, raised an undisclosed amount in funding.
The round was led by Essex Bay Capital.
The company intends to use the funds to accelerate enhancements to its products and drive investment in customer success, sales, and marketing. Essex Bay looks to partner with management teams to significantly increase the size and profitability of businesses organically and through acquisitions.
Led by CEO Saravanan Chettiar, Strive is a provider of mobile and web-based employee experience solutions that benefit employees, employers, and industry partners across all 50 states. Its solutions drive employee engagement by providing access to information including healthcare, payroll, retirement, telehealth, and advocacy, and curating an employee-centric culture through digital forums connecting colleagues and the company.
Strive partners with employers and brokers in small and medium-sized businesses and offers personalized solutions, integrated with existing platforms. The partnership will accelerate enhancements to its products and drive investment in customer success, sales, and marketing. In addition, the company intends to expand through acquisitions of complementary businesses and become a full-service solution for a range of employee experience services including wellness, recognition and rewards, performance management, and more.
FinSMEs
02/09/2022