San Francisco-headquartered HR tech startup TeamOhana has raised $4 million in a seed funding round led by Sierra Ventures, with participation from Katalyst Ventures.
The round also saw participation from Akshay Kothari (COO at Notion), Samuel Adeyemo (Co-founder at Aurora Solar), Thejo Kote (Founder & CEO at Airbase), Brad Goldoor (Co-founder & Chief People Officer at Phenom), Anshu Sharma (Co-founder & CEO at Skyflow), Sarika Garg (Co-founder & CEO at Cacheflow), Sharath Narayana (Co-founder at Observe.ai), Shamir Karkal (Co-founder & CEO at Sila), Keith Masuda (Vice President of Finance at Modern Treasury), and Rob Glickman (CMO at Cledara, and Former CMO at Treasure Data).
The startup intends to use the raised capital towards scaling its product and the go-to-market team. It will also hire senior executives for positions such as head of marketing and head of sales.
Founded in 2021 by Tushar Makhija and Baishampayan Ghose, TeamOhana has built a strategic headcount management platform for high-growth, fast-changing businesses across the globe.
By syncing historically siloed systems, the platform helps the company’s people planning, empowering all teams to collaborate and execute strategic hiring plans on time and within budget.
“Headcount accounts for up to 70% of a company’s operating expenses, yet it’s entirely managed in spreadsheets,” says Tushar Makhija, Co-founder & CEO at TeamOhana.
“Our purpose is to empower fast-growing companies with a strategic and effective headcount management platform so they can achieve their business goals faster. We’re excited to partner with Sierra and our angels as we continue to improve our product and grow our team globally.”
The startup is also launching a real-time headcount analytics feature, which combines data from different systems into a customizable dashboard to show current and forecasted headcounts.
“At Sierra, we invest in exceptional entrepreneurs building the next generation of enterprise apps,” says Vignesh Ravikumar, Partner at Sierra Ventures. “TeamOhana is a prime example of modern software that can enable business functions to become strategic rather than reactive. Their product provides companies with the necessary data and processes to make effective and data-driven decisions about their headcount.”
TeamOhana said its workforce is remote-first and composed of a talented worldwide team that works globally across the US, Europe, Asia, and Africa.
Source @Indianstartupnews
