15Five, a San Francisco, CA-based company that pioneered continuous performance management, has raised $52 million in Series C funding to accelerate growth and continued innovation.
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 Series C round validates 15Five’s proven approach to human-centered talent management and its mission-critical role in achieving a company’s business outcomes.
The company will use this new round of funding 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 build on the success of its rapid growth, scaling its go-to-market strategy by expanding into new markets and pursuing potential future acquisitions.
Company: 15Five Inc.
Raised: $52.0M
Round: Series C
Funding Month: July 2022
Lead Investors: Quad Partners
Additional Investors: Next47, Origin Ventures, Edison Partners, Matrix Partners, Point Nine Capital, and New Ground Ventures
Company Website: https://www.15five.com/
Software Category: HR Software
About the Company: 15Five is a holistic performance management company, that equips HR teams with a complete, single-platform solution to improve manager effectiveness, drive high performance and engagement, and increase retention. By combining easy-to-use software with coaching, manager training, and a thriving professional community, 15Five’s approach provides HR leaders with everything they need to achieve their strategic people objectives. 15Five offers a full suite of products including 360 performance reviews, in-depth engagement surveys, robust 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 rely on 15Five’s software and services to make their talent a growth driver.
Source: https://www.businesswire.com/news/home/20220721005294/en/15Five-Raises-52-Million-Series-C-Amplifying-Its-Foundational-Role-in-Empowering-HR-Leaders-to-Retain-and-Motivate-Top-Performers