TeamOhana, a headcount management company bags $4 million in seed funding

• ByStartupStory     |    October 10, 2022

Headcount management company TeamOhana, with its headquarters in San Francisco, has raised $4 million in a seed fundraising round headed by Sierra Ventures.

The round was also attended by Katalyst Ventures, a number of angel investors, including Notion COO Akshay Kothari, Aurora Solar cofounder Samuel Adeyemo, Airbase founder Thejo Kote, Phenom co-founder and chief people officer Brad Goldoor, Skyflow cofounder Anshu Sharma, Cacheflow cofounder Sarika Garg, Observe.ai cofounder Sharath Narayana, Sila co-founder Shamir Karkal, Modern Treasury VP of

The funds will be used by TeamOhana to grow its staff and product. Senior executives will be hired for roles like the head of marketing and head of sales, among others. At the moment, the business employs 20, with 80% of them being from India. The remaining personnel include nationals of the US, Europe, Asia, and Africa.

TeamOhana, a company founded in 2021 by Tushar Makhija and Baishampayan Ghose, seeks to solve the issue of inadequate headcount planning and management.

In order to manage data from various sources, including applicant tracking systems, human resources information systems, recruiting plans, compensation plans, and more, Ghose told Entrackr that many businesses perform a lot of repetitive and manual effort. Business leaders find it challenging to manage up-to-date information about human resources, including insights like upcoming recruits, compensation ranges, and more because they also rely on massive, cumbersome spreadsheets.

However, TeamOhana offers a collaborative platform that makes it simpler to track hiring strategies, total hires, the status of hiring, cost hikes, etc. on a single platform, serving as an alternative.

A real-time headcount analytics function has also been implemented, combining data from many systems into a customised dashboard to display actual and projected headcounts. The startup collaborates with businesses like Newsela, Postman, Honeybook, Modern Treasury, Docker, and Postman.

TeamOhana wants to get a piece of the lucrative HR-tech sector, which is expected to be worth more than $38 billion by 2030. Workday (publicly traded) and ChartHop are two well-known international brands in the industry; the latter got $35 million in a funding round led by Andreessen Horowitz last year.

Ghose revealed that the business’s revenue increased 400% in the most recent quarter. According to him, businesses with over 500 people and a $1 billion valuation accounted for about 70% of sales.

“In the upcoming year, we intend to increase the size of the product, design, and engineering teams in India. We already have a staff in India working on company growth, and we plan to invest even more there, he said.

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