Clear Review is the London-based cloud performance development platform that encourages regular feedback through employee-management communication as opposed to yearly review.
The platform has experienced rapid growth since launching in 2016, with more than 200 customers adopting its new performance management tech.
Clear Review has just announced a €2.9 million Series A investment led by AlbionVC, with participation from Mercia. The funds will be used to accelerate product development and build its presence in the US.
The startup has surpassed €1.7 million in annual recurring revenues, and has grown its staff by a factor of five over the past 18 months. Its key customers include CYBG/Virgin Money, Ricoh, Kennedys, and The Valuation Office Agency (VOA).
The company has seen strong interest from the US market, which now represents 20% of annual revenue. Clear Review’s leadership team plans to further build out its presence in the US, scaling up its operation later this year.
“The same clarity of focus within the product and unrivaled simplicity of user experience has allowed us to consistently win in the US against competitors,” said Clear Review Chief Revenue Officer Daniel Anticich. “We’re excited to get closer to this market and continue to build momentum.”
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