What is 15Five?
Founded in 2011 and headquartered in San Francisco, 15Five has established itself as a pivotal player in the human capital management software sector. The company specializes in developing comprehensive employee engagement and performance management platforms designed to foster organizational alignment and productivity. By digitizing the feedback loop between managers and direct reports, 15Five addresses the critical need for continuous performance development in modern, distributed work environments. Its market position is reinforced by a suite of tools that prioritize transparency, goal tracking, and professional growth, making it an essential component of the contemporary enterprise tech stack.
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 New Ground Ventures, Matrix Partners, Origin Ventures, Launch Fund, and Chaifetz Group
Series B (2019): $30.7M featuring Next47
Series C (2022): $52M backed by Matrix Partners, Origin Ventures, New Ground Ventures, Edison Partners, Next47, ServiceNow, Quad Partners, and Point Nine
Key Investors in 15Five
Matrix Partners
A long-standing venture capital firm with a diverse portfolio, providing strategic guidance and capital to support software and service-oriented businesses.
Origin Ventures
An early-stage venture capital firm that invests in bold founders and innovative companies transforming productivity and automation through artificial intelligence.
New Ground Ventures
A proactive venture capital firm specializing in early-stage, visionary entrepreneurs across software, consumer, and deep tech sectors.
What's next for 15Five?
With the infusion of capital from its latest funding round, 15Five is well-positioned to deepen its investment in AI-driven analytics and workflow automation. The strategic focus will likely shift toward expanding its enterprise footprint and enhancing the platform's predictive capabilities regarding employee retention and performance trends. As the company matures, the emphasis on scaling its infrastructure to support global organizations will be paramount, ensuring that its performance management solutions remain at the forefront of the evolving digital workplace landscape.
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