Knoetic, a startup “built with Chief People Officers, for Chief People Officers,” emerged from stealth today, announcing an $18M Series A round of funding led by Accel. Over 100 angel investors also participated in this round, including New York Times bestselling author Adam Grant, and executives from Box, Figma, Johnson & Johnson, LinkedIn, Scale, Pinterest, Calm, Front, and more.
Joseph Quan, Knoetic’s Founder & CEO, shared: “The 2020s are the decade of the Chief People Officer. Last year’s challenges showed every CEO and Board the importance of having a strategic partnership with the People/HR team. Chief People Officers were at the center of every existential decision a company faces – What’s the data on our company’s turnover and hiring? How do we improve it? How will we deal with COVID? How can we scale culture as we go from 100 to 1,000 to 10,000 employees? How do I win in the war for talent? Knoetic gives Chief People Officers the answers to every one of those questions.”
Knoetic is the first company to unify a social network and a SaaS analytics tool in the same platform. By embedding its exclusive social network of 1,000+ world-class Chief People Officers, CPOHQ, directly into its people analytics software, the resulting “Insight Engine” gives CPOs both quantitative and qualitative insights, enabling them to make smarter, holistic decisions about their workforce.
The new capital will fuel new product innovation and the expansion of the Knoetic team.
Announcement: Knoetic Launches CPO Platform with $18M Round