15Five raises $30.7M to expand its employee development toolkit

15Five, which builds software and services to help organisations and their employees evaluate their performance, as well as set and meet goals, has closed a Series B round of $30.7 million, money that it plans to use to continue building out the functionality of its core product — self-evaluations that take “15 minutes to write, 5 minutes to read” — as well as expand into new services that will sit alongside that.

This Series B is being led by Next47​, the strategic investment arm of manufacturing giant Siemens. Others in the round included Matrix Partners, PointNine Capital, ​Jason Calacanis’s LAUNCH Fund​, Newground Ventures, Bling Capital, Chaifetz ​Group, and ​Origin Ventures (which had led 15Five’s Series A). It brings the total raised to $42.6 million.

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