Total amount raised
$216.5 Million
Latest funding date
6/1/2021
Location
Visier has successfully raised funding through five rounds, with the most recent being a Series E round involving investors like Goldman Sachs Asset Management and Sorenson Capital. The company specializes in people analytics and workforce planning software, offering AI-powered insights to help businesses make informed decisions.
Keep reading to explore the intricacies of Visier's fundraising journey and the investors backing this innovative platform.
What Is Visier?
Visier is a prominent player in the analytics and business intelligence industry, specializing in people analytics and workforce planning software. The company offers cloud-based solutions designed to provide AI-powered workforce insights, helping leaders make informed decisions.
Founded in Vancouver, British Columbia, Canada, Visier operates as a private company with a workforce of 501-1000 employees. The platform is known for its user-friendly interface and the ability to unify HR and business data, delivering actionable insights for various business challenges.
How Much Funding Has Visier Raised?
- Series A
- Amount Raised: USD 6,000,000
- Date: September 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Series B
- Amount Raised: USD 15,000,000
- Date: May 2013
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product offering and scale operations.
- Series C
- Amount Raised: USD 25,500,000
- Date: June 2014
- Lead Investors: Adams Street Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series D
- Amount Raised: USD 45,000,000
- Date: March 2017
- Lead Investors: Sorenson Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series E
- Amount Raised: USD 125,000,000
- Date: June 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To support product development, market expansion, and strategic acquisitions.
Total Amount Raised: USD 216,500,000. Current Valuation: Over $1 billion.
Key Investors
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a division of Goldman Sachs, providing investment and advisory services. It focuses on a wide range of asset classes including equity, fixed income, and alternative investments.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Spotify, WeWork.
- Sorenson Capital
- Details: Sorenson Capital is a private equity firm that invests in small to middle-market companies. It focuses on growth capital and buyout investments.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Health Catalyst, Pluralsight, Instructure.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. It focuses on sectors such as enterprise software, fintech, and consumer technology.
- Investment Focus Areas: Enterprise software, fintech, consumer sectors.
- Notable Investments: Netflix, LendingClub, Sunrun.
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. It focuses on sectors including technology, healthcare, and life sciences.
- Investment Focus Areas: Technology, healthcare, life sciences.
- Notable Investments: Uber, Avast, McAfee.
- Adams Street Partners
- Details: Adams Street Partners is a private markets investment management firm. It focuses on private equity, venture capital, and private credit investments.
- Investment Focus Areas: Private equity, venture capital, private credit.
- Notable Investments: DocuSign, Magic Leap, BigCommerce.
What's Next for Visier?
Visier stands at the cusp of significant growth opportunities, driven by the increasing demand for workforce analytics in a rapidly evolving business landscape. With plans to hire around 100 additional workers and expand internationally, the company is poised to leverage its recent $125 million Series E funding to enhance its product offerings and sales efforts. The global HR analytics market, valued at $2.49 billion in 2020, presents a substantial opportunity for Visier to expand its customer base and market reach.
Future fundraising opportunities seem promising, given Visier's strong market position and the backing of major investors like Goldman Sachs Asset Management. The company may pursue additional funding rounds or strategic acquisitions to further bolster its capabilities and market presence. However, challenges such as navigating the complexities of remote work, addressing diversity and inclusion pressures, and competing with other well-capitalized HR analytics startups could pose hurdles along the way.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Visier and gather other critical business insights.
Sign up for free to start making informed decisions and stay ahead of the competition.
