Knoetic, a New York-based Chief People Officer (CPO) platform and "single source of truth" for people analytics, announced that it raised $36 million in Series B funding, bringing Knoetic's total amount to over $50 million.
The round was led by EQT Ventures, with participation from new investor Menlo Ventures and long-time partner Accel (which led the Series A).
Knoetic will use its new funds to invest in its two main product lines:
People Analytics: The Knoetic People Analytics platform empowers teams to uncover comprehensive workforce insights on attrition, DEI, performance, compensation, and more.
Community (CPOHQ): Knoetic will further expand its global network of people leaders and CPOs, making it easier for members to find peers to confide in, learn from, and grow.
Since its founding in 2020, the New York-based company has experienced rapid expansion, including 5X YoY ARR growth, 20X community growth, and 3X YoY headcount growth.
As part of the investment, Ali Mitchell, Partner, and Co-Head of EQT Ventures will join Knoetic's Board of Directors.
Company: Knoetic Inc.
Raised: $36.0M
Round: Series B
Funding Month: September 2022
Lead Investors: EQT Ventures
Additional Investors: Menlo Ventures and Accel
Company Website: https://www.knoetic.com/
Software Category: People Analytics Software
About the Company: Founded in 2020 to help every CPO make better, faster, smarter decisions with data, Knoetic is the #1 people analytics platform and community, trusted by 2,000+ Chief People Officers. The people analytics platform allows teams to build beautiful custom dashboards to gain high-level visibility on the KPIs that matter most or drill down into any chart, report, and employee profile. The company empowers executives and HR leaders with the data and insights needed to transform their workforce and solve top challenges, like improving retention, accelerating performance, and creating stronger cultures. Knoetic's mission is to empower the generation of CPOs and people leaders with the correct information at the right time. Knoetic counts Credit Karma, Calm, Checkr, Mural, and Synk among its clients.
Source: https://www.prnewswire.com/news-releases/knoetic-raises-36m-series-b-empowering-chief-people-officers-to-make-better-data-driven-decisions-301629157.html