Glint, real-time employee engagement platform has announced that it has raised $15.5 million in venture capital funding, according to a report in the Market Wired. The company is also set to launch a product, the first real-time cloud solution to measure, evaluate and improve employee engagement. The funding was led by Norwest Venture Partners and Shasta Ventures.
Glint will use the funds to continue product development and ramp up its marketing, sales and customer success teams.
“Glint has created an exceptional platform, bringing elegant design and real-time analytic insights to employee engagement”, said Jeff Crowe, managing partner at Norwest Venture Partners. 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 had a reputation of successfully developing enterprise cloud companies.
“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,” said Jim Barnett, Glint CEO & Co-founder. “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,” he added.
Glint has plans to make use of the investment funds to enhance its technology with emphasis on product development. The idea is to add on to it features and capabilities that meet HR demands.
The funding will also enable Glint to further grow its marketing, sales and customer success departments.