Total amount raised
$216.5 Millions
Latest funding date
6/1/2021
Location
Visier has successfully raised significant funding through multiple rounds, with its latest being a Series E. The company specializes in HR analytics and workforce planning solutions, attracting notable investors such as Goldman Sachs Asset Management and Sorenson Capital.
Keep reading to explore the intricacies of Visier's fundraising journey and the investors backing this innovative platform.
What Is Visier?
Visier, founded on March 1, 2010, in Vancouver, British Columbia, Canada, specializes in HR analytics and workforce planning solutions. The company was established by Jan Schwarz, John Schwarz, and Ryan Wong. With a team of 501-1000 employees, Visier provides AI-driven insights to help organizations manage their workforce strategically.
How Much Funding Has Visier Raised?
- Series A
- Amount Raised: $6M
- Date: September 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch the HR analytics platform.
- Series B
- Amount Raised: $15M
- Date: May 2013
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series C
- Amount Raised: $25.5M
- Date: June 2014
- Lead Investors: Adams Street Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and increase market penetration.
- Series D
- Amount Raised: $45M
- Date: March 2017
- Lead Investors: Sorenson Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series E
- Amount Raised: $125M
- Date: June 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To invest in international expansion, product and technology development, and sales.
Total Amount Raised: $216.5M. Current Valuation: Over $1 billion.
Key Investors
- Goldman Sachs Asset Management
- Details: A division of Goldman Sachs, providing investment management services across various asset classes including equity, fixed income, and alternative investments.
- Investment Focus Areas: Technology, healthcare, consumer, financial services, industrials, real estate.
- Notable Investments: Uber, Spotify, Airbnb.
- Sorenson Capital
- Details: A private equity firm that invests in small to middle-market companies, focusing on growth capital and buyout opportunities.
- Investment Focus Areas: Technology, healthcare, business services.
- Notable Investments: Health Catalyst, Pluralsight, InMoment.
- Foundation Capital
- Details: A venture capital firm that invests in early-stage technology companies, with a focus on enterprise software, fintech, and consumer technology.
- Investment Focus Areas: Fintech, enterprise software, consumer technology.
- Notable Investments: Netflix, LendingClub, Sunrun.
- Summit Partners
- Details: A global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities, focusing on high-growth sectors.
- Investment Focus Areas: Technology, healthcare, high-growth sectors.
- Notable Investments: Uber, Avast, McAfee.
- Adams Street Partners
- Details: A private markets investment management firm that provides investment solutions across private equity, private credit, and secondary investments.
- Investment Focus Areas: Private equity, venture capital, private credit.
- Notable Investments: DocuSign, Magic Leap, GoPro.
What's Next for Visier?
Visier stands at the cusp of significant growth opportunities, driven by the increasing demand for workforce analytics. The company plans to expand its workforce by 20%, invest in international markets, and enhance its product offerings. With a robust customer base and a valuation exceeding $1 billion, Visier is well-positioned to capitalize on the growing importance of data-driven HR solutions.
Future fundraising opportunities appear promising, given the strong investor confidence demonstrated by the recent Series E round led by Goldman Sachs. This financial backing could pave the way for further rounds or strategic acquisitions, enabling Visier to broaden its market reach and technological capabilities.
However, challenges such as intense competition, data integration complexities, and maintaining data privacy could pose hurdles. Navigating these issues will be crucial for Visier as it continues to innovate and expand in the dynamic HR analytics landscape.
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