Total amount raised
$100.6 Millions
Latest funding date
01/01/2022
Location
Humu has successfully raised funds through multiple rounds, with the last being a Series C round closed on January 25, 2022. The company has been acquired by Perceptyx as of August 2, 2023, marking a significant milestone in its journey.
Keep reading to explore the intricacies of Humu's fundraising journey and the investors backing this innovative platform.
What Is Humu?
Humu, founded in May 2017, is a human resources company based in Mountain View, California. The company specializes in artificial intelligence and machine learning to enhance workplace dynamics.
Founded by Jessica Wisdom, Laszlo Bock, and Wayne Crosby, Humu employs between 101 and 250 people. The company offers various products and services, including Employee Engagement Surveys, Nudges, and Manager Diagnostics.
Humu's innovative technology applies decades of research to help individuals become better leaders, managers, and teammates, ultimately improving organizational performance.
How Much Funding Has Humu Raised?
- Series A
- Amount Raised: $10.6M
- Date: May 1, 2018
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial product offerings.
- Series B
- Amount Raised: $30M
- Date: May 3, 2018
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and scale the business.
- Series C
- Amount Raised: $60M
- Date: January 25, 2022
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their technology and expand market reach.
Total Amount Raised: $100.6M. Current Valuation: Not publicly disclosed.
Key Investors
- TCV
- Details: TCV is a leading provider of growth capital to technology companies. They have a strong track record of investing in high-growth firms.
- Investment Focus Areas: Technology companies, software, internet.
- Notable Investments: Airbnb, Facebook, Netflix.
- IVP
- Details: Institutional Venture Partners (IVP) is a later-stage venture capital firm. They focus on high-growth technology companies.
- Investment Focus Areas: Enterprise software, consumer internet, mobile technology.
- Notable Investments: Slack, Twitter, Snap.
- Index Ventures
- Details: Index Ventures is a venture capital firm that invests in technology-enabled companies. They have a global presence with offices in Europe and the United States.
- Investment Focus Areas: Technology-enabled companies, software, internet.
- Notable Investments: Dropbox, Etsy, Skype.
What's Next for Humu?
Humu stands at the cusp of significant growth opportunities, driven by the increasing focus on employee well-being and productivity. With substantial financial backing from its Series B funding, the company is well-positioned to expand its operations and enhance its technology platform to better measure employee metrics and incentivize positive behavioral changes.
As Humu continues to grow, it may attract further investment to support its expansion and technological advancements. However, the company will need to navigate challenges such as competition from other behavioral-change and employee engagement solutions, ensuring scalability, and maintaining service quality during rapid growth.
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