15Five combines software with coaching, manager training, and a professional community into a single-platform holistic performance management solution for HR teams. The platform aims to improve manager effectiveness, drive high performance and engagement, and increase employee retention. Product offerings include 360 performance reviews, in-depth engagement surveys, goal & OKR tracking, and weekly manager-employee feedback tools such as 1-on-1s and pulse ratings. The company serves HR leaders at over 3,500 companies, including Credit Karma, Spotify, and Pendo. 15Five recently received a strategic investment from ServiceNow that supplements a $52M Series C it announced in July; the funding is intended to accelerate product development and integrated manager training and coaching. The company is led by CEO David Hassell and is based in San Francisco, CA. 15Five offers a single-platform performance management suite that combines subscription software with training and coaching to measure engagement, run performance reviews, track OKRs, and deliver weekly feedback. Its product set includes 360 reviews, engagement surveys, goal & OKR tracking, and tools for manager-employee 1-on-1s and pulse ratings, plus a subscription training/coaching product called Transform launched in August 2021. The company focuses on small and mid-sized businesses (100–2,500 employees) and integrates with HRIS, payroll, and other systems to surface people analytics. 15Five serves over 3,400 companies, including customers such as Spotify, Credit Karma, HubSpot, and Pendo. The firm says its solution helps HR leaders develop managers and drive performance from the bottom up. 15Five is based in San Francisco and will use new funding to invest in R&D, deepen integration of software with coaching, scale go-to-market efforts, expand into new markets, and pursue potential acquisitions. 15Five offers a SaaS performance-management product centered on frequent self-evaluations (described as "15 minutes to write, 5 minutes to read") and peer recognition features called "High fives." The company emphasizes regular, real-time feedback and goal-setting to replace infrequent annual or biannual reviews. Management plans to continue building out core product functionality and to expand into adjacent services and coaching alongside its software. The CEO has also launched a podcast with the company’s chief culture officer around "best-self" management, reflecting an interest in productizing organizational-development and positive-psychology principles. 15Five is based in San Francisco and currently focuses on small- and medium-sized business customers. The company has raised a total of $42.6 million to date and says its valuation is higher, though the exact number is undisclosed. 15Five is a San Francisco-based continuous performance management platform led by co-founders David Hassell (CEO) and Shane Metcalf (Chief Culture Officer). The product enables employees to grow and develop in 15 minutes each week through weekly check-ins, employee recognition, Objectives and Key Results tracking, and 360° reviews. The platform integrates with business applications including Slack, BambooHR, Namely, Okta and OneLogin. The company intends to use new funding to accelerate product innovation, scale sales, marketing and product teams, and grow headcount as part of global growth initiatives. Financially, 15Five has raised $11.9m in total capital to date, including the current round. The offering targets ongoing employee performance management and development for businesses. 15Five offers a feedback platform designed to help managers and employees communicate regularly and drive team performance. The product encourages daily engagement but remains flexible enough to be useful in brief sessions. Typical customers are managers, executives and CEOs rather than HR departments. The company has picked up roughly 1,000 business customers, with a strong leaning toward the tech sector. 15Five is headquartered in San Francisco. With the new funding it plans to hire sales and marketing talent to grow the business and is considering integrations before expanding core functionality.

Total raised

$94M

Funding rounds

8

Latest round

Series C

Latest activity

Jul 2022