WorkHound, an employee feedback and retention platform, announced today that it has successfully completed a $12 million Series A fundraising round.
The capital, funded wholly by Level Equity, a growth equity firm based in New York City, will be used by WorkHound to add to its employee headcount, expand product offerings, and grow its presence in trucking and additional supply chain verticals.
WorkHound was founded in 2015 by Max Farrell and Andrew Kirpalani to improve the high turnover rates within industries that have large numbers of distributed employees — beginning with trucking, logistics, and supply chain workers. The company was founded in Des Moines before adding a second headquarters in Chattanooga, Tennessee.
“Since our 2015 launch, we’ve been able to leverage modest financial investments into sustainable business wins. This is, by far, our most substantial fundraise, and we are well-positioned to use it for our most explosive growth to date,” said Max Farrell, WorkHound CEO in a press release. “The timing is perfect to partner with Level Equity. We have a proven business model, our current clients in the trucking industry are using our technology to build stronger, revenue-boosting feedback loops, and businesses in almost every supply chain market are craving the benefits WorkHound can help deliver.”
WorkHound platform reveals trucker concerns surrounding COVID-19