Organizational management startup ChartHop raises $14M to expand its platform
Organizational management platform startup ChartHop Inc. announced today it has raised $14 million in new funding to expand its platform built to eradicate manual human resources tasks and enable leaders to make data-driven decisions.
The Series A round was led by Andreessen Horowitz’s a16z and included Abstract Ventures, Basement Fund, CoFound Partners, Company Ventures, Cowboy Ventures, the a16z Cultural Leadership Fund, Flybridge Capital, Ride Ventures, the Todd and Rahul Angel Fund, Tokyo Black, SemperVirens, 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 has been designed to allow enterprises to visualize, plan and understand their organization through interactive organization charts.
ChartHop enables customers to streamline organization management across people, finance, recruiting and team managers by providing a single platform for sharing people data and collaboratively building headcount plans. The service assists in solving issues such as dealing with people across an organization by centralizing and visualizing the people data leaders need to effectively manage their organization, such as location, gender, salary, stock grants, job history and more, through integrations with existing people systems. ChartHop also gives each employee visibility into how they fit into the organization’s goal process.
ChartHop integrates with existing platforms and includes support for ADP, BambooHR, Carta, Greenhouse, Lever, SAP SuccessFactors and Workday, among others. Customers include BetterCloud Inc., Lightspeed POS Inc., MongoDB Inc., Starburst Data Inc. and InVisionApp Inc.
Along with the funding announcement, ChartHop also announced a new Diversity, Equity and Inclusion offering that enables organizations to build diverse teams and make equitable organizational decisions. The service allows companies to build a strong foundation rooted in equality by visualizing team composition, compensation, new hires, performance reviews, and more, across any dimension, such as gender, race and ethnicity, veteran status and sexual orientation.
“Technology has optimized every aspect of a business except one: its people,” Ian White, founder, chief executive officer and chief technology officer of ChartHop, said in a statement. “Leaders have accepted this as the status quo, but now businesses are under more scrutiny than ever before. From supporting remote teams amidst economic crisis to championing equality following nationwide protests, all eyes are turning to HR, yet many lack the tools they need to be effective.”
Including the new funding, ChartHop has raised $19 million to date, its previous funding coming via a $5 million seed round in February.
Image: ChartHop
A message from John Furrier, co-founder of SiliconANGLE:
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
THANK YOU