15Five Raises $100M in Series D

15Five has successfully raised $100M in a Series D at a $1B valuation led by Summit Partners.

Company Overview

15Five is a HR Tech company headquartered in San Francisco, CA, founded in 2011 with 300+ employees.

Performance management platform

Fundraising Details

Amount Raised: $100M
Round Type: Series D
Valuation: $1B
Date: 2024-07-01
Investors: Summit Partners

About 15Five

Performance management platform The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Francisco, CA
Founded: 2011
Team Size: 300+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in 15Five's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. 15Five's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for 15Five, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, 15Five is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-01. For more information about 15Five, visit their headquarters at San Francisco, CA.