The “People Enablement Platform”, Impraise, has recently announced that they have secured $10.6 million in Series A funding. The round was led by Keen Venture Partners (KEEN) alongside existing investor, HenQ.
Impraise is a web and mobile platform backed by a team of in-house performance management specialists. The platform helps organizations reimagine performance and development processes to increase productivity, engagement, and retention.
Asked about the funding, Robert Verwaayen, General Partner at KEEN, commented, “In our view, feedback and appraisals have historically been seen as a necessary evil. As more companies start to work in an agile fashion, performance management is recognized as a function that drives real business outcomes. Simultaneously, a younger generation of workers expect continuous feedback and learning in their professional lives. With entrepreneurial fervor, the impressive team at Impraise is building a company that fits right in the heart of these shifts.”
Impraise makes performance and development practices meaningful for people, actionable for managers, and painless for HR.
Read more here.
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