Canadian start-up Visier, the globally recognized leader in people analytics and planning, has bagged US$ 125 million in a Series E funding round led by Goldman Sachs Asset Management (Goldman Sachs) on 29 June 2021, bringing its valuation to US$ 1 billion.

Investors: Although Goldman Sachs was the sole investor in the Series E investment round, the company is also backed by Sorenson Capital, Foundation Capital, Summit Partners, and Adams Street Partners.

Purpose of the funding: Visier will use the proceeds to support product development, go-to-market expansion, marketing, sales, partnerships, distribution channels, and strategic acquisitions. 

About Visier

Visier Logo

Visier is perceived as the pioneer in human resource analytics and organizing.  Established in 2010 by John Schwarz and Ryan Wong, the leaders of market intelligence, Visier concentrates on fulfilling the needs of market leaders: solving the correct queries, including the ones an individual might not be aware of. Queries that structure business plans and tactics offer the propulsion for taking action and steer superior business results through workforce enhancement. Visier, headquartered in Vancouver, has 8,000 clients in 75 nations with offices and staff worldwide. The firm caters to certain businesses: Adobe, BASF, Bridgestone, Electronic Arts, McKesson, Merck KGaA, Uber, and more. 

With the completion of the Series E investment round, Visier has joined the A-list of HR tech suppliers, which have been successful in securing over US$ 100 million in a single investment round. The enterprise has also secured a place amongst the elite Canadian unicorns such as Clio, Wealthsimple, Thinkific, Trulioo and more.

What the Founders have to say: “We are experiencing an unprecedented demand for companies to understand the people within their organizations better. Business personnel from HR heads to managers and executives consider discernment into the labour force as an essential aspect for achieving the required results for the client, the enterprise, the worker, and the society.”- Ryan Wong, CEO and Founder of Visier. “Being financed by Goldman Sachs for the next level of Visier’s growth highlights the truth that HR analytics is the new popular business practice. This funding round is vital for shaping Visier as a free-spirited global cloud technology for workforce-related market insights.”- John Schwarz, Co-Founder and Chairman of Visier. 

What the Investor has to say: “The significance of availability of data associated with staff and the well-being of a business has been unprecedented. We are exhilarated to join hands with Visier at this pivotal moment and bolster the company’s progressive growth.”- Holger Staude, Managing Director of Goldman Sachs Asset Management.

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Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.

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