What is Fama?
Fama provides an automated solution that analyzes publicly available online information to identify concerning behaviors among potential hires and existing employees. Enterprise HR and Talent leaders rely on Fama to detect issues such as bigotry and harassment that might be overlooked during traditional hiring processes. By leveraging Fama's capabilities, organizations can proactively improve their workplace culture and safeguard employees from toxic behaviors, thereby preventing escalation and reducing brand exposure to liability. This strategic capital infusion is expected to fuel further development and market penetration in the critical 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 Amplify.La Capital II, Wavemaker Partners, and Double M Partners
Series A (2018): $5M led by Wavemaker Partners, Crosscut, Bullpen Capital, Miramar Digital Ventures, Tech Coast Angels, and Double M Partners
Debt (2020): $350K supported by PPP
Series B (2022): $10M featuring Silverton Partners, Crosscut, Bullpen Capital, Navigate VC, and Gaingels
Key Investors in Fama
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors across Southeast Asia, known for backing over 200 companies since 2012.
Double M Partners
Double M Partners is an early-stage venture fund based in Los Angeles that invests in Internet, Media, and Communications (IMC) companies, particularly those focused on B2B infrastructure and software.
Bullpen Capital
Bullpen Capital is a venture capital fund focused on investing post-seed capital into early-stage companies that have demonstrated product-market fit but may be overlooked by traditional investors.
What's next for Fama?
With the recent major strategic investment, Fama is poised for accelerated growth and enhanced product development. The company's focus on providing a robust solution for enterprise HR and talent leaders to ensure a safe and productive work environment positions it for significant expansion. Future initiatives will likely involve deepening its analytical capabilities, expanding its client base across various industries, and further solidifying its market leadership in employee behavior analytics. This latest round of financing will be instrumental in scaling operations and reinforcing its commitment to fostering healthier, more secure workplaces.
See full Fama company page
