New Funds for Employee Feedback Platform WorkHound

In the US, employee feedback management specialist WorkHound has raised $12m in a Series A round of funding, which it will use to expand its headcount and product offerings, and grow its presence in additional markets.

The firm's platform gives employers instant and anonymous workforce feedback as part of their employee retention efforts. The platform was initially launched for the trucking industry, but has now been expanded to support real-time feedback for all frontline and distributed workers.

New funding was backed by Level Equity, which invests in middle market software and tech-enabled businesses. Max Farrell (pictured), WorkHound CEO, comments: 'Since our 2015 launch, we've been able to leverage modest financial investments into sustainable business wins. This is, by far, our most substantial fundraise, and we are well-positioned to use it for our most explosive growth to date'.

Des Moines, Iowa and Chattanooga, Tennessee-based WorkHound is online at www.workhound.com

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.