January 16, 2013
The San Francisco based company, 15Five, the software firm which focuses on producing creating transparency in an organization through efficient communication practices, announced receiving seed funding from Richmond Global amounted at $ 1 million. 500 Startups, David Sacks, John Ham, Ben Parr and Jason Calacanis, Ben Ling and Matt Brezina offered additional investment also.
15Five helps CEOs and managers to quickly find successes and issues while communicating important issues to the team. David Hassell, 15Five’s CEO declared that he is very excited to partner with all the investors and is convinced that there is a big market opportunity. He also said that all of the investors bring a great deal of market experience. The round of funding will allow the company to extend their market and product development effort, and also to accelerate the capability to get to more customers.
Steven Dupree from Richmond Global said that they are delighted to partner with 15Five because it represents an elegant solution to a complex issue in an organization. The user friendly technology works immediately without having a person from IT, HR or executive team be involved. The 15Five team is expected to build a franchise of simple tools what deal with frequent organizational issues.
Another investor said that he is confident that 15Five will dominate the market and that the team will change the way we think in terms of human capital management. The company has a promising future. We are waiting to see what happens next.