ChartHop, the people analytics startup, has raised $35 million in Series B financing led by Andreessen Horowitz (a16z) and joined by Elad Gil and previous investors Cowboy Ventures and SemperVirens. This investment comes less than a year after Andreessen Horowitz led ChartHop’s $14 million Series A funding in summer 2020.
ChartHop has gone from a one-person company in 2019 to a team of 75. During the same time period, ChartHop built a customer base of over 130 corporate customers and increased month-over-month revenue by 17 percent for the past 12 months.
This marks a third consecutive investment in ChartHop from Andreessen Horowitz, who also led ChartHop’s seed round in early 2020.
“With HR and people functions so crucial to the growth and success of businesses, it's unfortunate that most HR teams lack the critical people data to drive organizational decision making,” said David Ulevitch, General Partner at Andreessen Horowitz.
ChartHop’s approach to people analytics allows companies to aggregate and visualize their HR data, providing alignment, clarity, and context across all levels of an organization.