Waggl came to fruition in 2014 after its co-founders Michael Papay, Drew Batshaw, and Adam Tanner, hoped to form a employee engagement platform that would benefit companies in a rational, but uncommon way: giving employees the ability to communicate "actionable intelligence" to management.
That concept attracted $7 million in series A funding in May 2018 led by First Analysis. That has allowed the company to recruit and retain talent, which is set to expand in sales, product development and customer success late this year, according to Alex Kinnebrew, chief marketing officer.
With three-year revenue growth of 2,482% to $4.4 million last year, Waggl debuted at No. 151 on the Inc. 5000 list, and placing No. 10 among San Francisco Bay Area firms on the list, No. 19 among software companies overall and No. 26 in California. The company is anticipating 50% revenue growth this year, Kinnebrew said.
“We’re focused on building a company focused on vision,” she said. “That’s why we started in Sausalito and why we’re still in the North Bay.”
Waggl currently employs 50. The company may pursue a larger funding round sometime next year, but no target has been set so far, she said.
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