WorkHound, a Chattanooga, Tennessee-based leader in the employee feedback management space completed a $12 million Series A fundraising round.
The capital, funded wholly by Level Equity, a New York-based growth equity firm, will be used by WorkHound to continue to serve employees of the supply chain.
This funding will help WorkHound do it faster and better by increasing its employee headcount, expanding our current product offerings, and growing our presence in trucking and additional supply chain verticals.
Company: WorkHound
Raised: $12.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Level Equity
Additional Investors:
Company Website: https://workhound.com/
Software Category: Employee Engagement Software
About the Company: Founded in 2015 by Max Farrell and Andrew Kirpalani, WorkHound was founded with the mission of helping people love the work they do. WorkHound provides a platform that enables employers to receive instant and anonymous workforce feedback so management can address those matters as part of their employee retention efforts. Built specifically for the frontline workforce, WorkHound has given thousands of employees a voice with a real-time, anonymous feedback platform. Through insightful analytics that hones in on business issues, WorkHound has helped companies of all sizes retain frontline workers, boost profitability, and save money. Initially launched in the trucking industry where the average driver turnover rate is 95 percent, WorkHound has expanded its platform to support real-time feedback for all frontline and distributed workers. Initially, the company focused on the trucking space since driver turnover is a significant pain point experienced across that entire industry.
Source: https://workhound.com/2022/03/workhound-secures-12-million-series-a-fundraise-from-level-equity/