Structural, a St. Paul-based human resources software company, has raised over $2 million in equity, CEO Scott Burns said Friday. The round was led by St. Paul-based marketing company Augeo. The round is currently just over $2 million but could grow to be as large as $2.5 million. That depends on whether another investor chooses to invest, Burns said. Other participants in the round included Rise of the Rest, a previous Structural investor.
Structural creates an internal directory for large companies, sort of like an internal LinkedIn. Employees can use the platform to seek out opportunities and make connections, while employers can gain more insight into the people who work for them through data analysis of employee profiles.
Top priorities for the new cash will be building on the existing Structural product and building up marketing.
Announcement: Structural Raises over $2M for Dynamic People Directory