Pando Raises $6.9 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3521325-1&amp&semi;h&equals;3090138049&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;pando&period;com&percnt;2F&amp&semi;a&equals;Pando" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Pando<&sol;a>&comma; which operates a career progression platform&comma; has raised a total of <span class&equals;"xn-money">&dollar;6&period;9 million<&sol;span> led by Craft Ventures with participation from Lerer Hippeau&comma; GFC&comma; Correlation Ventures&comma; and additional strategic investors including Jane Alexander CMO at Carta&comma; Ashkay Kothari COO at Notion&comma; and Des Traynor Co-founder at Intercom&period; The new funds will be used to expand the engineering team and to build out the go-to-market function to drive customer acquisition&period;<&sol;p>&NewLine;<p>The HR tech market is booming&comma; with more than <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3521325-1&amp&semi;h&equals;1095914953&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fjoshbersin&period;com&percnt;2Fwp-content&percnt;2Fuploads&percnt;2F2021&percnt;2F04&percnt;2FHR&lowbar;TechMarket&lowbar;2021&lowbar;v7&period;pdf&amp&semi;a&equals;12&period;1&plus;million&plus;employers" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">12&period;1 million employers<&sol;a> in the U&period;S&period; alone spending over <span class&equals;"xn-money">&dollar;5 trillion<&sol;span> on tech applications such as payroll&comma; benefits and training&period; Yet even with all the software and services being provided to attract&comma; hire&comma; train&comma; and retain employees&comma; there is still one significant missing piece in the HR tech stack&colon; career progression&period;<&sol;p>&NewLine;<p>In addition to the rapid shift to remote and hybrid work brought on by the pandemic&comma; today&&num;8217&semi;s business environment is still marked with the Great Resignation as well as the societal injustices resulting in employees demanding equity in pay and promotions&period; It&&num;8217&semi;s not just about career progression&comma; it&&num;8217&semi;s about fair progression for all employees&period; That means more structure and transparency–and less politics and bias&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Performance bell curves&comma; the lack of structure&comma; real-time calibration&comma; and data resulting in the black box which was employee promotions frustrated me for years&&num;8221&semi; says <span class&equals;"xn-person">Barbra Gago<&sol;span>&comma; Founder and CEO at Pando&period; &&num;8220&semi;It was this&comma; coupled with my desire to bring agility to HR and democratize professional success&comma; that Pando – the first and only career progression platform – was born&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Pando was created to address the universal need for building and scaling fair career progression–leveling the playing field for all employees&period; Pando brings accountability&comma; transparency&comma; and structure so employees can continuously progress&comma; have a greater impact over time&comma; and stay at the company longer&comma; and stay at the company longer knowing they have a path&period;<&sol;p>&NewLine;<p>With Pando&comma; companies are now equipped with the tools they need to create individualized&comma; fulfilling career progression plans contextualized through levels and competencies which empower employees to actually achieve the path they want while having the right impact on the business&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We saw firsthand how forward-thinking startups are incorporating employee leveling and competency-based coaching into their HR stack earlier than ever&period; However&comma; they are stuck building their structure from scratch in Excel&comma;&&num;8221&semi; commented <span class&equals;"xn-person">Lainy Painter<&sol;span>&comma; Partner at Craft&period; &&num;8220&semi;Barbra and team have built a solution for this&colon; Pando transforms career progression from manual and error-prone to easy and effective&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Since its founding in late 2020&comma; Pando has been growing quickly&comma; and has built up a global team with hubs in <span class&equals;"xn-location">San Francisco<&sol;span>&comma; <span class&equals;"xn-location">New York<&sol;span>&comma; LA and <span class&equals;"xn-location">Amsterdam<&sol;span>&period; The company has on-boarded over 2&comma;000 enterprise users&comma; and customers including OysterHR&comma; SHIPWELL&comma; Codility&comma; and casai&period;<&sol;p>&NewLine;