FOUNT Global, a Washington, D.C.-based company that offers SaaS solutions that remove friction from work and help increase productivity, announced that it secured $8 million in Series A funding.
The round was led by Lavrock Ventures, with participation from existing investors Osage Venture Partners and Grotech Ventures. FOUNT has raised $10.75 million in total funding since it spun out of the employee experience (EX) consultancy, TI People, in January 2022.
The funds will be used to launch new features targeting key talent segments and further advance the product and technology infrastructure.
FOUNT CEO Christophe Martel commented, "Our solution addresses a challenge shared by both HR and business leaders—to reduce the headwinds people encounter at work. FOUNT data provides a level of insight that empowers our customers to know where to take specific action and realize a quantifiable ROI. We are fortunate to have such a supportive group of investors who share our vision to make work less of a drag."
FOUNT's origins in the EX space give the company a unique perspective into the complexity of measuring countless cumulative points of friction that cause employees to disengage and leave.
Company: FOUNT Global, Inc.
Raised: $8.0M
Round: Series A
Funding Month: March 2023
Lead Investors: Lavrock Ventures
Additional Investors: Osage Venture Partners and Grotech Ventures
Company Website: https://fount-ex.com/
Software Category: Employee Experience Solutions
About the Company: Founded in 2022 as a spinout of the employee experience consultancy, TI People, FOUNT is a SaaS company that offers Software-as-a-Service (SaaS) solutions that remove friction from work and help increase productivity. FOUNT helps companies identify what’s at the root of employee dissatisfaction and prioritize what to fix in their work environment. The company solutions are designed to complement existing survey tools and Employee Experience (EX) initiatives at large organizations. The company's customer base represents some of the world's leading organizations at the forefront of friction management including Adidas, Siemens, Baloise, Northwell Health, and TEKsystems.
Source: https://www.prnewswire.com/news-releases/fount-global-inc-secures-8m-to-remove-friction-from-work-301764772.html