What is 15Five?
Founded in 2011 and headquartered in San Francisco, California, 15Five develops comprehensive employee engagement and performance management software designed for organizations worldwide. The platform aims to foster a culture of continuous feedback, recognition, and development, empowering managers and employees to achieve their best work. By integrating tools for goal setting, one-on-one meetings, performance reviews, and employee feedback, 15Five addresses critical needs in talent management and organizational effectiveness.
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 Point Nine and Matrix Partners
Series A (2018): $8.2M supported by Chaifetz Group, Launch Fund, New Ground Ventures, Matrix Partners, and Origin Ventures
Series B (2019): $30.7M featuring Next47
Series C (2022): $52M backed by ServiceNow, Quad Partners, Point Nine, New Ground Ventures, Edison Partners, Next47, Origin Ventures, and Matrix Partners
Key Investors in 15Five
New Ground Ventures
New Ground Ventures is a proactive venture capital firm that specializes in funding early-stage, visionary entrepreneurs across diverse industries, particularly in software, consumer, and deep tech sectors. They offer founders insightful perspectives on business models and funding strategies.
Point Nine
Point Nine is a seed-stage venture capital firm focused on B2B SaaS and B2B marketplaces, indicating a strategic interest in software solutions for businesses.
Origin Ventures
Origin Ventures is an early-stage venture capital firm that invests in bold founders and innovative companies transforming productivity and automation through artificial intelligence, suggesting a focus on technology-driven solutions.
What's next for 15Five?
The substantial enterprise-level backing and recent strategic investment signal a strong trajectory for 15Five. This capital is likely to be deployed towards enhancing its product suite, expanding its market reach, and potentially exploring strategic partnerships or acquisitions. As the demand for sophisticated employee engagement tools continues to rise, 15Five is well-positioned to capitalize on market opportunities, further solidifying its role as a key player in the HR technology landscape. The company's focus on performance management and employee well-being aligns with current corporate priorities for talent retention and productivity.
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