“As a firm that focuses on long-term value creation, TCV believes that Humu with its deep background in people analytics, has the potential to make a positive, and large, impact on the way we all work,” continued David Eichler, Partner at TCV.
This is not generally the sentiment with HR technology.” Feedback from customers is that Humu has become invaluable to their HR efforts. Employees who are actively engaged with Humu have shown to be significantly less likely to leave their jobs, effectively lowering retention risks for companies. “Its ability to provide individualized support to employees and managers that can scale across an entire organization and drive outcomes that HR leaders care about is truly unique. “Humu, through technology and science, can help shift behavior in an organization,” said TCV Venture Partner Jessica Neal and board member at Humu.
With Humu, customers see improvements in retention, manager effectiveness, team performance, and inclusion. By nudging teams with short, science-backed recommendations, Humu provides personalized guidance that is unique to each employee and also aligned with company goals. Humu, whose platform coaches managers and employees into developing work habits that are scientifically proven to drive performance, has emerged as the leading force in HR technology as companies evolve their people-management strategies in the new age of work. The investment follows 10x growth in users over the past two years. TCV venture partner Jessica Neal, former Chief Talent Officer at Netflix, will join Humu’s Board of Directors as part of the partnership. The investment will fuel new product innovations focused on supporting managers and their teams. The round was led by TCV, one of the world’s leading growth equity firms, with additional investors from Humu’s previous funding rounds including Index Ventures, IVP, and SVB Capital, and new investors Global Founders Capital and Blue Ivy Ventures. 25, 2022 /PRNewswire/ - Humu, the HR technology company combining behavioral science and technology to help employees build better habits at work, today announced $60 million in Series C funding.