Rising Team, a Menlo Park, CA-based company that provides a team performance platform, raised $8 million in Series A funding.
Investors
The round was led by Zeal Capital Partners, with participation from Peterson Ventures, Roble Ventures, Female Founders Fund, Burst Capital, and Supernode Ventures.
Zeal Capital Partners is a venture capital firm based in Washington, DC, that invests in diverse management teams building enduring companies to generate above-market rate returns and impact. The firm partners with founders who are building high-growth, early-stage businesses across the financial technology, employment pathways, and health equity verticals.
Rising Team Use of Funds
The company will use the funding to enhance its platform with AI capabilities, expand its team, and increase its market presence.
About Rising Team
Rising Team provides software and tools designed to help managers at all levels improve team effectiveness, strengthen trust and connection, and enhance overall performance. Its platform includes science-backed team development workshops, connection-building exercises, and soon-to-be-introduced AI capabilities such as a conversational AI leadership coach named aRTi. Leading companies, including Bank of Hawaii, Yahoo!, DXC, Achieve, and many more, are using Rising Team to develop stronger managers and higher-performing teams.
Funding Details
Company: Rising Team, Inc.
Raised: $8.0M
Round: Series A
Funding Month: June 2024
Lead Investors: Zeal Capital Partners
Additional Investors: Peterson Ventures, Roble Ventures, Female Founders Fund, Burst Capital, and Supernode Ventures
Company Website: https://risingteam.com/
Software Category: Leadership and Team Development
Source: https://www.prnewswire.com/news-releases/rising-team-raises-8-million-series-a-and-introduces-personalized-ai-leadership-coach-for-building-high-performing-teams-302165554.html