Knoetic, a platform for Chief People Officers that combines a social network and a SaaS analytics tool and is situated in New York City, has acquired $18 Million in Series A funding.
Accel led the round, which included New York Times bestselling author Adam Grant, as well as Karan Mehandru (STEADFAST, and formerly Trinity Ventures), Dan Bomze (Founder/CEO of MileIQ), Sterling Roa (Founder/CEO of MileIQ), Sterling Road (Ash Rust), Bob Tinker (angel investor & Metamorph Partners), Jake Stein (Cofounder/CEO of Common Paper), Bob Moore (Cofounder/CEO of Crossbeam), Contrary Capital (Eric Tarczynski), Pear Ventures (Mar Hershenson & Pejman Nozad), and 100 other executives, thinkers, and 100 other executives, thinkers, and founders.
The new capital will accelerate new product innovation and the expansion of the team.
Round: Series A
Funding Month: August 2021
Lead Investors: Accel
Additional Investors: Adam Grant, Dan Bomze, Sterling Road, Bob Tinker, Jake Stein, Bob Moore, Contrary Capital, Pear Ventures, and 100 other executives, thinkers, and founders
Company Website: https://www.knoetic.com/
Software Category: people analytics software
About the Company: Knoetic embeds a social network of 1,000+ Chief People Officers, CPOHQ, directly into its people analytics software to provide an “Insight Engine” that gives CPOs both quantitative and qualitative insights to make holistic decisions about their workforce. Chief People Officers use Knoetic to build their board decks, present data to their CEOs, solve challenges with peers, and improve their employee retention, compensation, and hiring.