HR automation software startup Sora announced this morning that it closed a $14 million Series A round of funding. Two Sigma Ventures led the financing event, putting in $10 million, with prior investors completing the round. The round comes after Sora raised a $5.3 million seed round in July 2020. First Round and Elad Gil led that investment.
CEO Del Beccaro said that her company raised its seed round to validate its market after finding early traction with its product. She added that her company found better problem validation — product-market fit, essentially — than it had anticipated in the following quarters, and that after a year of scaling “thoughtfully” is now ready to accelerate its growth in both financial and human terms.
WIth the new funding Sora will invest in more HR Operations improvements, from reporting to communication to data integrity. It will also fund improvements in existing Sora workflows to further People teams’ impact, efficiency, and consistency in employee-facing work and deepen existing integrations.
Announcement: Sora Raises $14M for HR Automation