What is 15Five?
Founded in 2011 and headquartered in San Francisco, 15Five provides a comprehensive suite of employee engagement and performance management software. The platform is engineered to facilitate continuous feedback loops, goal alignment, and professional development, effectively transforming how modern organizations manage their workforce. By integrating performance reviews with real-time engagement metrics, 15Five enables leadership teams to foster a culture of transparency and high performance, which is critical for scaling operations in a distributed work environment.
How much funding has 15Five raised?
15Five has raised a total of $94.1M across 5 funding rounds:
Angel/Seed
$1M
Angel/Seed
$2.2M
Series A
$8.2M
Series B
$30.7M
Series C
$52M
Angel/Seed (2012): $1M with participation from Richmond Global and 500.com
Angel/Seed (2014): $2.2M led by Matrix Partners and Point Nine
Series A (2018): $8.2M supported by Chaifetz Group, New Ground Ventures, Matrix Partners, Origin Ventures, and Launch Fund
Series B (2019): $30.7M featuring Next47
Series C (2022): $52M backed by Edison Partners, Quad Partners, ServiceNow, Matrix Partners, Origin Ventures, Point Nine, New Ground Ventures, and Next47
Key Investors in 15Five
Matrix Partners
A long-standing venture capital firm with a diverse portfolio, providing strategic guidance and capital to software and services companies since 1977.
Point Nine
A specialized seed-stage venture capital firm with a deep focus on B2B SaaS and marketplace business models.
New Ground Ventures
A proactive venture capital firm that supports early-stage, visionary entrepreneurs across software and deep tech sectors through rigorous due diligence.
What's next for 15Five?
With the support of its latest strategic financing, 15Five is well-positioned to accelerate its product roadmap and expand its market reach. The focus is expected to shift toward deepening the integration of artificial intelligence within its performance management ecosystem, thereby providing more predictive insights for HR leaders. As the company matures, the emphasis will likely remain on scaling its enterprise-grade offerings to meet the complex needs of global organizations, ensuring that its software remains a central pillar in the digital transformation of human resources.
See full 15Five company page
