Knoetic, a NYC-based Chief People Officer (CPO) platform for people analytics, raised $36M in Series B funding.
The round was led by EQT Ventures with participation from new investor Menlo Ventures, and Accel (which led the Series A). Alastair (“Ali”) Mitchell, Partner and Co-Head of EQT Ventures, will join Knoetic’s Board of Directors.
The company intends to use the funds to expand operations, hiring for its product, engineering, and go-to-market teams, development efforts and its business reach.
Led by Joseph Quan, Founder and CEO, Knoetic is a people analytics platform and community, for executives and HR leaders with the data and insights to transform their workforce and solve top challenges, like improving retention, accelerating performance, and creating stronger cultures. By integrating with 60+ HR systems, Knoetic saves People teams 100s of hours typically spent on wrangling HR data, allowing them to focus their time on more strategic, high-impact work. It is used by 2,000+ Chief People Officers including the ones from Lyft, Credit Karma, Box, NerdWallet, and OpenAI.
FinSMEs
21/09/2022