Evolv Secures $15m to Extend Employee Analytics

San Francisco-based predictive employee analytics firm Evolv has closed a $15m Series D round of funding, earmarked for further development of its solutions and continued vertical market and geographic expansion.

Founded five years ago, Evolv uses big data analytics and machine learning to benchmark workforce performance, and recommend organizational improvements. Its SaaS-based analytics platform delivers support throughout the employee lifecycle by identifying improvement areas through which to drive increased employee retention, productivity and engagement.

The new round of funding has been led by VantagePoint Capital Partners, with participation from existing investors GGV Capital, Lightspeed Venture Partners and Khosla Ventures.

CEO and founder Max Simkoff (pictured) comments: 'We believe that data will change how the workforce is selected, retained and developed and we continuously show in each customer relationship that data provides a more certain and replicable path to increased productivity and profitability than traditional employment practices.'

Web site: www.evolvondemand.com .