Sausalito, CA – May 25, 2018 – Waggl, the leading platform for real-time feedback powered by employee voice, today announced that it has closed approximately $7 million round of Series A funding led by First Analysis, along with other institutional and individual investors including Labora, Funder’s Club, and Rob Bernshteyn. Waggl will use the funds to accelerate product and business development for its real-time listening platform, which helps organizations to surface actionable ideas, collect authentic feedback, and align around performance goals.
“Waggl is fundamentally changing the relationship between people and the organizations for which they work,” said Michael Papay, CEO and Co-founder, Waggl. “High performance is driven by engaged people, not measurement and numbers alone. Our platform delivers leaders real-time insight, deep alignment, informed decision-making and speed to action.”
Waggl is the recipient of Brandon Hall Group’s 2017 Excellence in Technology Award for Best Advance in Assessment and Survey Technology, was recognized by the San Francisco Business Times/Silicon Valley Business Journal as one of the Best Places to Work in the SF Bay Area, and was recently named as one of Inc. Magazine’s 2018 Best Workplaces. In 2017, Waggl was used by more than 300 thousand employees at over 100 enterprise-class organizations, including UCHealth, City Electric Supply, Paychex, Ellie Mae, University of Utah, BD, Juniper Networks, McGraw Hill Education and Heineken, among others. The company grew its revenues by 87% last year, fueled by demand for its platform.
“The challenge of engaging and retaining employees is greater than ever, making Waggl’s solution even more critical to organizational success,” said Corey Greendale, Managing Director, First Analysis. “Our extensive work in human capital technology helped us identify Waggl as an exceptionally effective solution to the employee engagement gap and the drag it creates on productivity and profitability. Waggl takes an innovative approach by offering employees an opportunity to share their perspective and providing management with a wealth of insight about what’s happening within the organization. We’re excited about Waggl’s accomplishments to date and look forward to working with the talented management team to help take the company to the next level.”
Waggl creates radically better employee engagement, powered by employee voice. High performance is driven by engaged people, not measurement and numbers alone. Waggl’s software platform boosts human connection and enables informed decision-making, rapid alignment, and immediate action. Waggl delivers actionable insights to leaders, ensures that employee voices are heard, and encourages employee engagement through meaningful inclusion and participation in a transparent dialogue.
With a highly seasoned management team and advisors including esteemed executives from Glassdoor, SuccessFactors, and Coupa, Waggl has built a customer-first culture that values strong relationships and ongoing innovation. The company’s solutions are continually evolving in response to input from its global customer base, which includes industry leaders such as City Electric Supply, UCHealth, BD, and Juniper Networks, among others. For more information, please visit: http://www.waggl.com/.