eqtble Raises $2.7M for People Analytics
eqtble, a New York-based provider of an HR analytics platform focused on delivering actionable insights, raised $2.7M in seed funding. The round was led by Initialized with participation from SB Opportunity Fund, RS Ventures and other venture capital firms and angel investors.
“The big challenge in our big data world is making good use of that data. On the business side of things, there’s a fairly mature industry of intelligence and analytics solutions that help leaders make sense of a wealth of available customer and operations data — and ultimately, surface actionable insight.” writes investor Jennifer Wolf.
eqtble wants to give HR teams the same kind of detailed analytics that product, sales and marketing departments have had for a long time, with the goal of creating more engaged and inclusive workplaces. The platform can collect data from more than 100 sources and deliver insights and visualizations about four main areas: talent recruitment, workforce, engagement (including attrition, or when workers quit) and compensation.
The company intends to use the funds to continue to expand operations and its business reach.
Announcement: eqtble Raises $2.7M for HR Analytics