Announcing Our Series A
Waggl Receives Series A Funding to Continue
Radically Improving Employee Engagement
We couldn’t be more proud to have closed our Series A round. Not only did Waggl raise approximately 7 million dollars to accelerate product and business development, we closed this round feeling a true sense of partnership, and a fantastic optimism about the inclusivity of the process.
Our Series A was led by First Analysis, a leading venture capital investor based in Chicago. First Analysis has identified that employee retention and engagement is one of the most significant issues facing employers today.
In addition to the support from First Analysis, this round was also made possible by some of our very first angel investors, in addition to support from the FundersClub, Labora Group, and Rob Bernshteyn, CEO of Coupa. It is validating to come to the end of this round with the commitment from those first investors who have seen Waggl evolve and still place their faith in our company and our platform.
“Waggl is fundamentally changing the relationship between people and the organizations for which they work,” said Michael Papay, our CEO and Co-founder at 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.”
The Waggl platform solicits and digests timely, relevant employee feedback that management teams use to increase employee retention, strengthen morale, improve alignment on goals, surface best practices and operational issues, and foster transparency.
“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,” said Corey Greendale, managing director at First Analysis. “The Waggl team has done a great job building a company with substantial revenue traction and marquee clients and a product with strong ROI for those clients. We look forward to working with them to accelerate growth and bring the solution to many more employers.”
An Incredible Calendar Year
The last year has been an exciting one for Waggl. We were the recipient of Brandon Hall Group’s 2017 Excellence in Technology Award for Best Advance in Assessment and Survey Technology, we were 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 we were 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. Waggl grew its revenue by 87% last year, fueled by demand for our platform.
“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,” said Corey Greendale.
A big Waggly thank you to all our investors, customers, partners, and to the thousands of individuals and organizations using Waggl on a daily basis to radically improve engagement. Together, we’re boosting human connection, and enabling informed decision-making, rapid alignment, and immediate action.
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