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PerformYard lands $95M to grow its staff performance management platform
PerformYard, a startup building an employee performance management platform, has raised $95 million in a venture funding round.
Seeking to make the performance review process easier — or at least less of a headache than it has been historically — Ben Hastings and Jon Malpass founded PerformYard, a platform that provides a collection of software-based retention, staff management and upskilling tools. “The investment brings with it a partner in Updata that we are aligned with and will enable even faster growth as we enter new customer segments and build new products,” Hastings told TechCrunch in an email interview. In this way, PerformYard is quite similar to the cohort of recent performance management upstarts that includes Lattice, Pathlight(which specifically targets customer-facing teams) and the extraordinarily well-funded HiBob.
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