Berlin-based Bunch gets $1.5 million seed to give VPs real-time insight into team morale
Summary
Bunch, an analytics software for team morale, has raised a $1.5 million seed round from M13, a venture firm in Los Angeles. Bunch runs a SaaS platform called Team Analytics, launched this past May, which is designed to give organisations data-based insights into their internal cultures. The company claims these overviews are based on “scientifically valid KPIs” connected team performance, gleaning real-time insight on factors such as psychological safety without administering any employee survey. When users began to organise themselves into online communities to discuss the findings from their own company, the startup decided to support such a community-based initiative within its product offering. In the future, Bunch co-founder and CEO Darja Gutnick believes the company could be a leader in “collaboration intelligence that bridges the gap between state of the art management science and everyday leadership and team practice.” For now, the startup will expand into the US market using the new seed funding.