ChartHop, a startup to modernize and automate the organization chart, today announced a $ 5 million investment led by Andreessen Horowitz.
A large number of other investors also participated, including Abstract Ventures, the a16z Cultural Leadership Fund, CoFound, Cowboy Ventures, Flybridge Capital, Shrug Capital, Work Life Ventures and a number of unidentified individual investors.
Founder, CEO and CTO Ian White said that he had been disappointed with the organizational planning tools available in previous jobs, including as CTO and co-founder of Sailthru. He says that every company has to get a grip on it.
White did what any good entrepreneur would do. He quit his previous job and spent the past few years developing the kind of software he lacked on the market. "ChartHop is the first organization management platform. It really is a new kind of HR software that brings all of the different personal data together in one place, so that companies can plan, analyze and visualize their organizations in a completely new way, ”White told TechCrunch.
While acknowledging that the HR manager is a primary user for his early customers, White doesn't see this as a pure HR problem. "It is a problem for any manager, manager, or manager in an organization that is growing and trying to plan how the organization will look more strategic," he said.
A16z's main investor David Ulevitch also sees this type of planning as essential for any company. “How you structure and expand your company has a huge impact on how your company works. That sounds so obvious, and yet most companies are not thoughtful about organizational planning and design, ”Ulevitch wrote in a blog post announcing the investment.
The way it works is to instantly connect to 15 or 20 standard types of business systems like BambooHR, Carta, ADP and Workday. An organizational chart can be created based on this information. The company can then split and cube the data by department, open records, gender, salary, geography, etc. There is also a detailed reporting component that gives companies insight into the current composition and future status of the organization.
The visual organization chart itself is set up so that you can go through time to see how your business has changed. He says that while it is meant to hide confidential information such as salaries, he sees it as a way to help employees across the company understand where they fit and how they relate to other people who caused them the size of the company may not even know this is impossible.
White says he already has dozens of customers who pay ChartHop from the employee on a subscription basis. While his target market is companies with more than 100 employees, he may eventually offer a version for early stage startups that could benefit from this type of planning and then have a full company history throughout the life of the company.
Today the company has 9 employees and he started hiring only in the fall when this seed capital came through. He expects to double that number next year.