What is Fama?
Fama provides an automated solution designed to analyze publicly available online information to identify problematic behaviors among potential hires and current employees. Enterprise HR and Talent leaders utilize Fama to detect behaviors such as bigotry and harassment that might be overlooked during traditional hiring processes. By leveraging Fama's capabilities, organizations aim to enhance workplace culture and mitigate risks associated with toxic behaviors, thereby protecting their brand from potential liability. The company's focus on proactive risk management and culture enhancement positions it as a key player in the HR technology sector.
How much funding has Fama raised?
Fama has raised a total of $16.9M across 4 funding rounds:
Private Equity
$1.5M
Series A
$5M
Debt
$350K
Series B
$10M
Private Equity (2015): $1.5M with participation from Double M Partners, Amplify.La Capital II, and Wavemaker Partners
Series A (2018): $5M led by Bullpen Capital, Wavemaker Partners, Tech Coast Angels, Miramar Digital Ventures, Crosscut, and Double M Partners
Debt (2020): $350K supported by PPP
Series B (2022): $10M featuring Bullpen Capital, Gaingels, Crosscut, Silverton Partners, and Navigate VC
Key Investors in Fama
Double M Partners
Double M Partners is an early-stage venture fund based in Los Angeles, focusing on Internet, Media, and Communications (IMC) companies, particularly those in business-to-business infrastructure, software, and technology.
Wavemaker Partners
Wavemaker Ventures is an early-stage venture capital firm in Southeast Asia that invests in Enterprise, Deep Tech, and Sustainability startups, aiming to empower innovative solutions aligned with UN Sustainable Development Goals.
Bullpen Capital
Bullpen Capital is a venture capital fund specializing in post-seed capital for early-stage companies that have demonstrated product-market fit but may be overlooked by traditional investors.
What's next for Fama?
With the recent injection of $10M in a major strategic investment, Fama is poised for accelerated expansion and product development. This significant capital infusion, contributing to its overall $16.9M in funding, suggests a strategic focus on scaling operations, enhancing its analytical capabilities, and potentially broadening its market reach. The company's trajectory indicates a move towards solidifying its position as a leader in employee behavior analytics, likely involving further enterprise client acquisition and strategic partnerships to deepen its impact on workplace integrity and compliance.
See full Fama company page
