Total amount raised
$74.1 Millions
Latest funding date
01/01/2023
Location
ChartHop has successfully raised funds through multiple rounds, with the latest being a Series C round on January 3, 2023. The company is backed by 18 investors, including notable names like Cox Enterprises and Andreessen Horowitz.
Keep reading to explore the intricacies of ChartHop's fundraising journey and the investors backing this innovative platform.
What Is ChartHop?
ChartHop, founded by Ian White in 2019, is an information technology company based in New York, specializing in data visualization, human resources, and productivity tools. The company employs between 51-100 people.
ChartHop offers a comprehensive People Operations platform that connects and visualizes workforce data, helping organizations plan, manage, and engage their teams. The platform includes modules for HRIS, Compensation Reviews, Headcount Planning, Performance, and Engagement, aiming to drive organizational health and efficiency.
How Much Funding Has ChartHop Raised?
- Seed Round
- Amount Raised: $5M
- Date: February 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Series A
- Amount Raised: $14M
- Date: August 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $35M
- Date: June 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features, invest in service and support, and grow go-to-market capabilities.
- Series C
- Amount Raised: $20.1M
- Date: January 2023
- Lead Investors: Cox Enterprises
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop the platform's capabilities.
Total Amount Raised: $74.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: A prominent venture capital firm based in Silicon Valley, known for investing in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology companies across various sectors including software, consumer, enterprise, bio/healthcare, crypto, and fintech.
- Notable Investments: Facebook, Airbnb, Slack.
- Cox Enterprises
- Details: A major investor in ChartHop, Cox Enterprises is a privately held global conglomerate headquartered in Atlanta, Georgia.
- Investment Focus Areas: Media, automotive, and telecommunications.
- Notable Investments: Not publicly disclosed.
- Elad Gil
- Details: A well-known angel investor and entrepreneur with a background in technology, involved in various successful startups.
- Investment Focus Areas: Technology startups, particularly those in the early stages, with high growth potential in sectors like software, healthcare, and consumer internet.
- Notable Investments: Airbnb, Pinterest, Square.
- Cowboy Ventures
- Details: A venture capital firm that focuses on seed-stage investments, founded by Aileen Lee, known for coining the term "unicorn" for billion-dollar startups.
- Investment Focus Areas: Seed-stage technology companies, focusing on consumer and enterprise sectors.
- Notable Investments: Dollar Shave Club, Guild Education, Productboard.
- SemperVirens
- Details: A venture capital firm that focuses on investing in companies that improve the future of work, health, and financial wellness.
- Investment Focus Areas: Early-stage and growth-stage companies in HR tech, fintech, and health tech sectors.
- Notable Investments: Ginger, Carrot Fertility, BetterUp.
What's Next for ChartHop?
ChartHop stands at the cusp of significant growth opportunities, driven by the increasing importance of people analytics in HR. With a robust platform that integrates various datasets, the company is well-positioned to expand its customer base and enhance its product offerings. The recent $35 million Series B funding will fuel these efforts, allowing for product enhancements, investments in service and support, and go-to-market strategies.
Future fundraising opportunities seem promising, given the successful Series B round and the involvement of high-profile investors. As ChartHop continues to grow, it may attract further investment to support its expansion. However, the company will need to navigate challenges such as competition from other HR tech firms and ensuring the scalability and reliability of its platform. Maintaining high customer service standards will also be crucial as the customer base expands.
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