15Five, the pioneer of continuous performance management, has secured $52 million in capital to drive development and innovation. The Series C round, led by Quad Partners and including previous investors Next47, Origin Ventures, Edison Partners, Matrix Partners, Point Nine Capital, and New Ground Ventures, validates 15Five’s proven approach to human-centered talent management and its mission-critical role in achieving a company’s business outcomes.
Human resources departments are still grappling with the tectonic upheaval in how, where, and why we work. The fluidity of the work environment, with remote, hybrid, and in-office choices all included, needs additional training for managers in order to sustain efficiency.
The financing reinforces 15Five’s position as a core layer in this new world of work, providing strategic HR professionals with new tools to attract, develop, and retain top people.
“One of our foundational convictions was that the best organizations of the future will be those that worked out how to motivate and unleash the potential of their people, informed by the concept that thriving individuals produce thriving businesses,” stated David Hassell, CEO of 15Five. “And that remains true. But how we do it has changed. Our products assist HR executives in implementing performance evaluations, engagement surveys, and goal alignment, with a direct link to the training and coaching for frontline and first-time managers.
Strategic HR directors can use 15Five’s unique combination of subscription software, training, and coaching to assess engagement and performance in the flow of work, then empower their managers to drive change from the bottom up. The subscription training and coaching are provided by 15Five’s newest product, Transform, which was released in August 2021 and assists managers in developing next-generation leadership competencies through a blended learning approach of personalized coaching and an online educational offering.
