WorkHound, a start-up with a presence in Chattanooga, announced yesterday that the company has successfully completed a fundraising seed round of $1.5 million. The capital will, in large part, be used to add to the company’s technology team headcount and support its growth deeper into the logistics space and additional industries.
“To date, we’ve been fortunate to fuel WorkHound growth primarily with our revenues,” said Co-Founder and Chief Executive Officer Max Farrell. “But as we eye an aggressive expansion into new industries, as well as building out our transportation and supply chain presence, raising a substantial seed round became imperative for us. This capital will enable us to hire more top-notch talent who will power us into the next phase of our company.”
Launched in 2015 by Farrell and Andrew Kirpalani, WorkHound has offices in Des Moines, IA, where it was started, as well as Chattanooga.
In describing the product in yesterday’s news release (WorkHound Seed Round Announcement), the company said its platform “enables employers to receive instant and anonymous workforce feedback so management can address those matters as part of their employee retention efforts. Initially, the company focused on the trucking space since driver turnover is a pain point experienced across that industry. However, as WorkHound grows, leadership is eyeing a rollout into additional sectors, such as non-hospital healthcare, that feature large distributed workforces.”
“Among other positions, this funding will allow us to aggressively grow our engineering team,” Kirpalani said. “We have strong core talent and are excited to add several experienced developers.”
The fundraising round was led by San Francisco-based Right Side Capital Management and included other notable funds such as SaaS Ventures, Stout Street Capital, Acceleprise, SpringTime Ventures, and Comeback Capital.