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Organizational management startup ChartHop launches with $5M in seed funding
Organizational management platform startup ChartHop Inc. today announced $5 million in new funding and emerged from stealth mode.
The seed round was led by Andreessen Horowitz and included Abstract Ventures, the a16z Cultural Leadership Fund, CoFound, Cowboy Ventures, Flybridge Capital, Shrug Capital and Work Life Ventures.
Founded in 2018, ChartHop pitches itself as the “world’s first org optimizer — the transparent source of truth for growth organizations.” The company’s cloud service allows enterprises to visualize, plan and understand their organization through interactive organization charts.
The service enables customers to streamline organizational management across people, finance, recruiting and team managers by providing a single platform for sharing people data and collaboratively building headcount plans. The platform is said to allow customers to structure and analyze people data by multiple factors, including location, salary, stock grants, number of direct reports, gender and more delivering in-depth analysis to more clearly understand an organization in real time.
ChartHop integrates with existing platforms and includes support for ADP, BambooHR, Carta, Greenhouse, Lever, SAP SuccessFactors and Workday, among others. On the security side, ChartHop is SOC 2 compliant, uses encryption at rest and in transit, and supports biometric and physical-key two-factor access control. The service supports mandatory single-sign-on enforcement, employee auto-offboarding and customizable permission controls.
While only launching out of stealth today, ChartHop already has a customer list that includes Assurance IQ LLC, Better Mortgage Corp., InVisionApp Inc., MongoDB Inc., Rémy Cointreau, Sequoia Consulting Group and Teachable Inc.
“People are the backbone of every great organization but the software to support them has historically been painfully inefficient and woefully insufficient,” Andreessen Horowitz General Partner David Ulevitch said in a statement. “ChartHop fixes that by connecting disparate systems and creating an unprecedented level of transparency the entire organization can benefit from.”
Image: ChartHop/Twitter
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