eQ8, a Sydney, Australia-based end-to-end platform for Strategic Workforce Planning (SWP) and dynamic scenario modeling, announced that it secured $4 million in Series A funding from Australian-based OIF Ventures.
The investment will support eQ8's continued growth and product innovation as it furthers its mission to help organizations worldwide connect their people to purpose.
"Organizations can no longer assume that the right workforce will just materialize," said Alicia Roach, Co-Founder and Joint CEO. "eQ8 compares business demand versus workforce supply against external labor market and future of work data. This allows our customers to define where they need to go and select the actions required to get there."
"In a period of uncertainty, customer demand for our product has lifted as companies must avoid the short-sighted decisions made during the pandemic," says eQ8 Co-Founder Chris Hare. "Increased volatility has crystallized the need for SWP. Leaders must plan."
eQ8 provides key insights into the size and shape of the workforce needed (Amount), initiatives that will have the biggest impact/ROI (Action), and shared leadership clarity on future business requirements (Align).
Company: eQ8
Raised: $4.0M
Round: Series A
Funding Month: December 2022
Lead Investors: OIF Ventures
Additional Investors:
Company Website: https://www.eq8.ai/
Software Category: Strategic Workforce Planning Software
About the Company: Led by joint CEOs Alicia Roach and Chris Hare, eQ8 is an end-to-end SaaS solution offering scalability and sustainability for total Strategic Workforce Planning success. Its custom-built solution focuses on the real philosophy and process behind successful people planning. It is on a mission to connect people to purpose and to democratize Strategic Workforce Planning for the world's leading organizations. eQ8 is headquartered in Sydney, Australia with a growing presence in Austin, TX.
Source: https://www.prnewswire.com/news-releases/eq8-secures-4m-in-series-a-funding-from-oif-ventures-301698707.html