TeamOhana, a San Francisco, CA-based strategic headcount management platform, announced that it raised $4 million in a seed funding round led by Sierra Ventures, with participation from Katalyst Ventures.
A series of angel investors and strategic operators also contributed to the funding, including Akshay Kothari, COO at Notion; Samuel Adeyemo, Co-founder at Aurora Solar; Thejo Kote, Founder & CEO at Airbase; Brad Goldoor, Co-founder & Chief People Officer at Phenom; Anshu Sharma, Co-founder & CEO at Skyflow; Sarika Garg, Co-founder & CEO at Cacheflow; Sharath Narayana, Co-founder at Observe.ai; Shamir Karkal, Co-founder & CEO at Sila; Keith Masuda, Vice President of Finance at Modern Treasury; and Rob Glickman, CMO at Cledara, and former CMO at Treasure Data.
This round of funding will go towards scaling TeamOhana's product and the go-to-market team. To fuel growth, a series of executive-level hires are being made, including the heads of marketing and sales.
"Headcount accounts for up to 70% of a company's operating expenses, yet it's entirely managed in spreadsheets," says Tushar Makhija, Co-founder & CEO at TeamOhana. "Our purpose is to empower fast-growing companies with a strategic and effective headcount management platform so they can achieve their business goals faster. We're excited to partner with Sierra and our angels as we continue to improve our product and grow our team globally."
Alongside this funding round, TeamOhana is also launching its real-time headcount analytics feature. The feature joins together previously siloed data from across systems into a single customizable dashboard to show current and forecasted headcount.
Company: TeamOhana Inc.
Round: Seed Round
Funding Month: October 2022
Lead Investors: Sierra Ventures
Additional Investors: Katalyst Ventures, Akshay Kothari, Samuel Adeyemo, Thejo Kote, Brad Goldoor, Anshu Sharma, Sarika Garg, Sharath Narayana, Shamir Karkal, Keith Masuda, and Rob Glickman
Company Website: https://www.teamohana.com/
Software Category: Headcount Management Platform
About the Company: Founded by Tushar Makhija and Baishampayan "BG" Ghose in 2021, after years of experience leading high-growth enterprises, SaaS companies made them realize that headcount management was the number one problem most companies didn't know they had. TeamOhana is a strategic headcount management platform built for high-growth, fast-changing businesses across the globe. It empowers growing companies to plan and manage headcount with confidence. TeamOhana's vision is to knock down brick walls between people and data to deliver headcount transparency as the superpower for exponential growth. TeamOhana's workforce is remote-first and composed of a talented worldwide team that works globally across the US, Europe, Asia, and Africa.