Evolv Closes $15M Series D Financing
Summary
Evolv, a San Francisco, CA-based developer of SaaS-based predictive data analytics that provides a holistic view into workforce profitability, closed a $15m Series D financing.The round was led by VantagePoint Capital Partners, with participation from existing investors GGV Capital, Lightspeed Venture Partners, and Khosla Ventures.The company intends to use the funds to further develop its predictive analytics solutions and to support continued vertical market and geographic expansion.Founded in 2007 by Max Simkoff, CEO, Evolv provides customized solutions that profile top performers, predict employee success, benchmark workforce performance, identify effective and ineffective training and management practices, predict employee tenure, recommend organizational improvements, and lengthen the average employee lifecycle.In conjunction with the funding, Bill Harding, Managing Director, VantagePoint Capital Partners, joined the company’s Board of Directors.