People management startup Leadr closes $10m Series A
Leadr wants to turn all mangers into coaches.
Why You Should Care
Leader is the latest HR tech startup to raise funding.
It aims to help all managers become coaches for employees.
The $10 million Series A investment will help Leadr to diversify its products and teams.
HR tech is attracting significant investment at the moment.
In the past few weeks, relocation platform Localyze has raised $12m in a Series A, corporate e-learning platform Articulate has raised $1.5 billion in its first fundraise and TestGorilla closed a $10 million round to remove bias from recruitment.
From 0 customers in 2020 to 340 today. @Bedrock is pleased to lead a $10m series A in @LeadrInc – a new approach to people development, and our first Dallas TX HQ’d investment. https://t.co/5s1kHSnTZL
— Geoff Lewis (@GeoffLewisOrg) July 12, 2021
The latest startup in the space to announce an investment round is Texas-based Leadr, a people management company that aims to empower every manager to be a coach for their employees.
It focuses on optimizing one-to-one meetings that Leadr believes are the main vehicle for managers to support and empower employees.
Leadr has just closed a $10 million Series A led by BedRock, which has previously invested in other HR tech companies like Workwise, Vercel and Check.
The raise also included funding from Leadr friends and family, such as co-founder and executive chairman of the board Chris Heaslip, as well as Intuit chief revenue officer Bobby Morrison and Pushpay co-founder Eliot Crowther.
The startup was founded in 2019, and co-founder and CEO Matt Tresidder writes in a blog post that at the beginning of 2020 Leadr had no customers.
Heaslip adds: “The Leadr team has made incredible progress over the last 12 months despite challenging circumstances faced by all businesses across the globe.
“We’ve grown from zero customers a year ago to serving over 340 organizations today, which shows that organizations are looking to invest in and grow their staff, and Leadr is helping them do so.”
Heaslip has previously worked with BedRock managing partner Geoff Lewis on other ventures.
According to Tresidder’s blog, the round will allow Leadr to invest more in its people management product, sales and customer success teams, build an even better experience for customers, and diversify its HR tech offerings.
He added in a statement: “From the initial onboarding process to ongoing one-on-one meetings, our goal is to help leaders build new habits and rhythms to engage and grow every employee.
“We plan to continue our expansion into the human resource software space by offering additional benefits such as CoreHR and Health Plans so leaders can better care for their team.”
Ultimately, all of this, Tresidder hopes, will enable the people management company to grow from the 5,000 users it has today to supporting “one million leaders”.
Tresidder ends his blog by thanking Bedrock, Leadr’s team members and customers.
“To every HR manager who puts people over processes. To every frontline employee who uses Leadr to engage and grow themselves and their team…thank you.”
Allie is an experienced business journalist and can be reached at email@example.com.