ChartHop, the world’s first organizational management platform built to help companies plan for the future, announced it raised $14 million in a Series A financing led by Andreessen Horowitz (a16z). The new round was made possible with the support of new and existing investors including more than 40 C-level executives as well as Abstract Ventures, Basement Fund, CoFound Partners, Company Ventures, Cowboy Ventures, the a16z Cultural Leadership Fund, Flybridge Capital, Ride Ventures, the Todd and Rahul Angel Fund, Tokyo Black, SemperVirens, Shrug Capital and Work Life Ventures. This new funding comes on the heels of its recent seed round announced in February 2020 as ChartHop’s fast growth since launch continues to accelerate. ChartHop will use the latest funding to expand its platform built to eradicate manual HR tasks and empower leaders to make data-driven decisions.
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The strategic people side of business has been technology-deficient for decades, and business leaders are tired of the manual, tedious and low-tech processes that come with organizational management. That’s why more than 40 founders and C-level executives have personally invested in ChartHop. They’ve experienced the pains of spreadsheet-reliant people management such as manual headcount and compensation planning, and know how hard it is to make informed and strategic decisions without access to the right data.
ChartHop solves this problem by centralizing and visualizing the people data leaders need to effectively manage their organization, such as location, gender, salary, stock grants, job history and more, through seamless integrations with existing people systems. At the same time, ChartHop gives every employee visibility into how they fit into the organization’s goals making cross-functional collaboration easier than ever before, and provides leaders with a platform to collaborate and iterate on plans for their future.
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“Technology has optimized every aspect of a business except one: its people,” said Ian White, founder, CEO and CTO of ChartHop. “Leaders have accepted this as the status quo, but now businesses are under more scrutiny than ever before. From supporting remote teams amidst economic crisis to championing equality following nationwide protests, all eyes are turning to HR, yet many lack the tools they need to be effective. ChartHop is the strategic advantage people leaders need to thrive during these unprecedented circumstances, and prepare their businesses for a future where infamously manual tasks are over and data is at the center of every decision.”
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