Performance management startup Mesh on Wednesday announced securing $11 million in Series A funding led by RTP Global. The HR tech company had raised a seed funding of $5.1 million in 2021.
The new capital raised will primarily enable Mesh to focus on building a global team for further expansion in the US and APAC markets, according to a company release.
Mesh counts a wide pool of firms across sectors including ShareChat, CRED, Groww, Pipefy and others as its customers.
The HR tech company co-founded by Gaurav Chaubey, Saurabh Nangia and Rahul Singh in 2020, observed 16 times growth in revenue since its foundation, the release added.
“Traditional performance management tools were built for an era where companies were slow-moving pyramids. Today, if you continue to drive only top-down performance reviews, your top talent will leave and as a business, you’re likely to get disrupted very soon,” said Gaurav Chaubey, Co-founder and CRO, Mesh.
“Our vision is to enable 30 million people to achieve their full potential at work by 2030.”
“We're building a truly multi-generational company that will continue to reimagine how people perform and grow in the ever-changing future of work,” said Saurabh Nangia, Co-founder and CEO, of Mesh.
The US-headquartered HR tech startup has about 50 employees in four countries.