TruePlan Raises $17M for Headcount Planning

TruePlan, a so-called “headcount management” platform that helps companies plan and forecast all the budgeting and resource requirements across its entire workforce, officially launched to the public today. The company also announced a $17 million series A round of funding led by General Catalyst with participation from Defy Partners and Peter Thiel’s Founders Fund, as well as a slew of angel investors including Flexport cofounder and CEO Ryan Petersen.

“Finance, HR, recruitment, and department leaders all need the same, accurate headcount information to perform their very different roles,”co-founder and CEO Dan Green said. “Today’s fragmented spreadsheet world leads to different data sets across all these areas that often conflict with each other, leading to a constant stream of alignment meetings. Many of the executives we work with ranked headcount management as the area of the business they felt they had the least visibility into, and control over, because of these reasons. TruePlan’s platform solves these problems once and for all.”

Users connect TruePlan to their human resources information system (HRIS) of choice (e.g. BambooHR, Gusto, or Zenefits) to generate real-time feeds of all their current teams and associated costs, and then integrate with applicant tracking systems (ATS) (e.g. Workable, Greenhouse, or Lever) to leverage data around a company’s hiring endeavors.

Announcement: TruePlan Raises $17M for Headcount Planning