Redwood City, California-based Glint, a real-time employee engagement platform, has secured $15.5 million in funding. Norwest Venture Partners and Shasta Ventures led the round. In conjunction with the funding, Jeff Crowe, a managing partner at Norwest Venture Partners and Jason Pressman, a managing director at Shasta Ventures, have joined Glint’s board of directors.
Redwood City, Calif. — February 18, 2015 — Glint, the real-time employee engagement platform, today announced it has raised $15.5 million in venture capital funding ahead of the public release of its new product, the first real-time cloud solution to measure and improve employee engagement. Norwest Venture Partners and Shasta Ventures led the investment funding along with angel investors including Ev Williams, the co-founder and CEO of Medium and former chairman and CEO of Twitter.
Glint’s rich analytical capabilities help companies like FICO, Marketo and many others identify and measure their key drivers of engagement and take directed action. Glint will devote the funds to continue aggressive product development and scale up its marketing, sales and customer success teams.
Both Norwest Venture Partners and Shasta Ventures have previously worked with Glint CEO and Co-Founder Jim Barnett. They were early investors in the data-driven advertising pioneer Turn, which Barnett co-founded and where he still serves as chairman. Jeff Crowe, a managing partner at Norwest Venture Partners, and Jason Pressman, a managing director at Shasta Ventures now serve on Glint’s board of directors. This week Glint also announced the public launch of the industry’s first real-time employee engagement platform.
“Glint has created an exceptional platform, bringing elegant design and real-time analytic insights to employee engagement,” Crowe said. “We’ve been very impressed with Glint’s early progress in attracting major new customers even before its public launch. Employee engagement applications are the next wave of innovation in human capital management, and Norwest is excited to help make Glint the clear leader in this new world.”
Norwest Venture Partners and Shasta Ventures have a proven history of successfully developing enterprise cloud companies and deep experience with the software-as-a-service business model. Norwest’s portfolio includes Adaptive Insights, MobileIron (MOBL) and BlueJeans, while Shasta’s portfolio includes Anaplan, Lithium and Zuora.
“Especially with the current war for talent, Glint’s solution addresses a pressing need in the market. Using people data to empower leaders and managers to drive employee engagement is a strategic weapon,” Pressman said. “Shasta Ventures is excited for the opportunity to help make Glint a household name for managers and human resources professionals.”
“We’re thrilled to build on our successful relationship with Shasta and Norwest, and we’re glad to have them on board with our most exciting product yet,” Barnett said. “Both firms have an excellent understanding of the software-as-a-service business, and we will certainly leverage their insight and experience to guide Glint.”
Glint plans to use the investment funds to extend its technology lead with a heavy focus on continued product development to add additional features and capabilities that meet the latest HR demands. The money will also enable Glint to rapidly grow its marketing, sales and customer success departments to create and support a larger client base that in turn increases the value of being part of the Glint community for each company.
Glint is now fully available through an annual software-as-a-service subscription model. For more information or to register for our upcoming introductory webinar on Feb. 26, visit www.glintinc.com.
Glint helps you see into your organization in revolutionary ways, giving you the power to create real impact on employee engagement, retention and performance. Glint leverages real-time people data to give you and your managers a holistic view of your organization’s health, the insight to predict problems, and direction to take action. Based in Redwood City, California, Glint is backed by Norwest Venture Partners and Shasta Ventures. For more information, please visit www.glintinc.com.