FOUNT Global raises $8 million in Series A round

FOUNT Global, an employee experience management SaaS platform, has raised $8 million of funding in a Series A round led by Lavrock Ventures with participation from current investors Osage Venture Partners and Grotech Ventures. This almost quadruples the startup's existing funding, to $10.75 million.

Co-founded by Volker Jacobs and Christophe Martel, who are the company's co-CEOs, FOUNT Global was spun off from employee experience consultancy TI People in January 2022. It is headquartered in Germany, similar to the parent company, and also has offices in the UK and the US.

Although the startup has not disclosed its plans for the fresh funding, it is presently hiring for a Head of Product and for software engineers and developers, suggesting that it is presently focusing on expanding its team. Most of its current executive team comes from TI People, including Jacobs and Martel, who also co-founded TI People in 2016 and are still heading that company.