TeamOhana, a human resources technology firm, raised $4 million, or INR 33 crore, in a seed fundraising round that was led by Sierra Ventures & Katalyst Ventures.
A series of angel investors and strategic operators also contributed to the funding including Akshay Kothari, COO at Notion; Samuel Adeyemo, Co-founder at Aurora Solar; Thejo Kote, Founder & CEO at Airbase; Brad Goldoor, Co-founder & Chief People Officer at Phenom; Anshu Sharma, Co-founder & CEO at Skyflow; Sarika Garg, Co-founder & CEO at Cacheflow; Sharath Narayana, Co-founder at Observe.ai; Shamir Karkal, Co-founder & CEO at Sila; Keith Masuda, Vice President of Finance at Modern Treasury; and Rob Glickman, CMO at Cledara, and Former CMO at Treasure Data, as per reported by PR Newswire.
This round of funding will be used to expand the go-to-market team and product at TeamOhana. A number of executive-level additions, including a Head of Marketing and a Head of Sales, are being made to support growth.
“Headcount accounts for up to 70% of a company’s operating expenses, yet it’s entirely managed in spreadsheets,” says Tushar Makhija, Co-founder & CEO at TeamOhana. “Our purpose is to empower fast-growing companies with a strategic and effective headcount management platform so they can achieve their business goals faster. We’re excited to partner with Sierra and our angels as we continue to improve our product and grow our team globally.”
TeamOhana is introducing its real-time headcount statistics function at the same time as this fundraising round. To display the present and projected headcount, the functionality combines previously segregated data from many systems into a single customised dashboard. With real-time access to their headcount budgets, people executives can now plan their organisations’ strategies more successfully.
“At Sierra, we invest in exceptional entrepreneurs building the next generation of enterprise apps,” says Vignesh Ravikumar, Partner at Sierra Ventures. “TeamOhana is a prime example of modern software that can enable business functions to become strategic rather than reactive. Their product provides companies with the necessary data and processes to make effective and data-driven decisions about their headcount. We’re proud to work with TeamOhana as they continue to work towards long-lasting change.”
We use TeamOhana to get a single source of truth for headcount planning,” says Scott Baumgartner, CFO at Docker. “Now, all teams can access one dashboard that provides real-time signals to dynamically adapt to business changes and shift capital allocation sooner. TeamOhana has helped us optimize resource allocation recommendations.”
Growing businesses can confidently plan and manage personnel with the help of TeamOhana. After years of operating high-growth businesses, Tushar Makhija and Baishampayan “BG” Ghose formed the company in 2021. They came to understand that headcount management was the most common issue that most businesses were unaware of. They set out to create a platform that, using real-time data and cooperation that offers limitless opportunity and growth, would assist organisations in hiring and scaling workforce responsibly. TeamOhana unites people, processes, and data by syncing siloed systems, enabling businesses to achieve their objectives more quickly.