New York City-based talent marketplace company Gloat has raised $25 million in a Series B funding round. The startup offers new HR technology that helps boost enterprise growth by pushing employees to reach their career goals.
Now, the new round of funding led by Eight Roads Ventures will go to help companies build future-proof workspaces. The capital infusion will also go towards expanding Gloat’s New York and Tel Aviv offices and enhancing its HR technology.
“Our technology solves a problem that costs large enterprises on average $400 million annually in costs associated with retention, while increasing employee satisfaction — a win-win by everyone’s standards,” said Ben Reuveni, CEO of Gloat. “As the first in our field, we are proud to be leading the way in helping enterprises evaluate their workforce, as individuals with unique skill sets and ambitions pave the way to maximize output while also increasing employee engagement.”
Gloat’s talent marketplace offers full visibility on an individual’s career path by analyzing various career possibilities based on the achievements and aspirations of an employee. It uses that data and matches workers with internal part-time projects, full-time positions, mentorships and more.