TeamOhana, a strategic headcount management platform, has raised $4 million in seed investment funding led by Sierra Ventures, with participation from Katalyst Ventures. The funding round also participated from a series of angel investors and strategic operators including 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 and Anshu Sharma, Co-founder & CEO at Skyflow also participated in the round along with a few more.
The funding would be utilised to expand the remote-first team, which already operates from Asia, U.S, Europe and Africa. The investment would also be invested in scaling growth through hiring marketing and sales head.
Vignesh Ravikumar, Partner at Sierra Ventures, "At Sierra, we invest in exceptional entrepreneurs building the next generation of enterprise apps. TeamOhana is a prime example of modern software that can enable business functions to become strategic rather than reactive."
He also added that TeamOhana provides companies with the necessary data and processes to make effective and data-driven decisions about their headcount and they are proud to work with them.
TeamOhana is a strategic headcount management platform built for high-growth, fast-changing businesses across the globe. By syncing historically siloed systems, the platform becomes the single source of truth for a company's people planning, empowering all teams to collaborate and execute strategic hiring plans on time and within budget.
Tushar Makhija, Co-founder & CEO at TeamOhana, "Headcount accounts for up to 70% of a company's operating expenses, yet it's entirely managed in spreadsheets. 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."