15Five plans to use the funds to explore potential acquisition opportunities. Here are the top-line bullets you need to know.
15Five, a provider of HR performance management software, has raised $52M in a Series C. The round drew participation from Quad Partners, Edison Partners, Matrix Partners, and Origin Ventures, among others.
How’s the company performing?
- California-based 15Five helps HR teams track and manage employee performance, engagement, and retention.
- Its product suite includes tools for goal tracking, performance reviews, and engagement surveys.
- The company has 3K+ clients, including Spotify, Credit Karma, and Pendo.
- 15Five integrates with applications like BambooHR, Namely, Microsoft Teams, and Workday.
- It has offices in California, North Carolina, New York, and Indiana.
Source: 15Five
Why does the market matter?
- The global OKRs software market is expected to reach a value of $1.8B by 2028, growing at a CAGR of 12.6%, according to Verified Market Research.
- The increasing focus on streamlining business processes and demand for real-time analytics capabilities are contributing to market growth.
- Adoption of this software is highest among IT and telecom companies.
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