FOUNT Global, a recruitment SaaS startup, recently announced that it has secured $8 million in its Series A round led by Lavrock Ventures with participation from existing investors Osage Venture Partners and Grotech Ventures. The company has raised $10.75 million in total funding since it spun out of the employee experience (EX) consultancy, TI People, in January 2022.
With the latest investment round, the Washington-based firm intends to launch new features targeting key talent segments and further advance the product and technology infrastructure.
Co-founded by Christophe Martel and Volker Jacobs in 2022, FOUNT Global helps companies identify the root of employee dissatisfaction and prioritize what to fix in their work environment. The platform offers software-as-a-software (SaaS) solutions that remove friction from work and help increase productivity. Its origins in the EX space give the company a unique perspective into the complexity of measuring countless and cumulative points of friction that cause employees to disengage and leave. Its customer base represents some of the world’s leading organizations at the forefront of friction management, including Adidas, Siemens, Baloise, Northwell Health and TEKsystems.
Commenting on the investment, Co-founder & CEO of FOUNT Global, Christophe Martel, said:
Our solution addresses a challenge shared by both HR and Business leaders – to reduce the headwinds people encounter at work. FOUNT data provides insight that empowers customers to know where to take specific action and realize a quantifiable ROI. We are fortunate to have such a supportive group of investors who share our vision to make work less of a drag.
According to the company, the SaaS solution complements their employee survey tools, such as Glint, Qualtrics and Medallia, by identifying solvable points of friction that are most important to employees.
Daniel Hanks, General Partner of Lavrock Ventures & Member of the FOUNT Board of Directors, added:
Post-pandemic shifts in employee expectations and CEOs prioritizing efficiency across their global organizations have pressured HR leaders to look for smarter ways to hang on to the people most important to their business and remove friction from their daily work. FOUNT has made significant traction in large enterprises by seizing on these trends and addressing a business issue that is both timely and timeless. We are thrilled to be partnered for the ride.
David Gill, VP, Team Member Culture and Experience at Northwell Health, commented:
As one of the nation’s Best Places to Work, Northwell Health is committed to fostering a healthy workplace and improving individuals’ well-being. With FOUNT’s solution, we see an opportunity to dig deeper and expand our current listening methodology to build a consistent and sustainable experience for our team members. We’ve been very impressed with FOUNT’s capable and engaging Customer Success team and their commitment to furthering our goals.