ChartHop Raises $20M to Grow Its HR Analytics Platform
NYC-based ChartHop, which helps companies aggregate and visualize data about HR initiatives, announced this week that it raised $20 million to improve its platform.
ChartHop allows companies to compile HR data, such as employee demographics, performance and compensation, into simple visualizations that enable HR teams to make better informed organizational decisions. Its headcount planning tool, for example, helps companies scale their teams in a collaborative, cross-departmental manner, and its org chart feature updates automatically with integrations to a company’s payroll system.
Ian White, ChartHop’s founder, CEO and CTO, wrote in a blog post that the new funding will allow the company to improve platform features such as compensation reviews, headcount planning and dashboards for managers and employees. White also said developers are working on new visualizations and platform capabilities.
The Series C round was led by Cox Enterprises with participation from existing investor Andreessen Horowitz. Andrew Davis, senior vice president at Cox Enterprises, will join ChartHop’s board of directors.
ChartHop last went out for funding in 2021, when it raised a $35 million Series B round. The company, which had 70 employees on its team at that time, has more than tripled its employee headcount to 160, according to ChartHop. The company has also quadrupled its annual revenue, quadrupled its active users and tripled the number of paying customers since raising its Series B.