The U.S-based performance management startup Mesh raised USD 11 million in a Series A funding. The round took place on April 13, 2022. Existing investor RTP Global led the funding for Mesh.

Mesh is a software-as-a-service (SaaS) performance management and HR tech startup that eases the process of performance reviews for companies.

Purpose of Funding for Mesh

The company plans to use the latest funding to expand its presence further across the US and Asia-Pacific (APAC) regions. 

Mesh is also looking to increase its headcount across operations such as engineering and sales. Currently, the company has around 50 employees in India and the US.

Previously in 2021, Mesh raised USD 5.1 million as a part of its seed round led by Sequoia India’s accelerator programme Surge. The round saw participation from RTP Global. Meanwhile, Y Combinator Continuity Fund and Emles Venture Partners invested in the seed funding round for Mesh.

What the founders have to say

“Traditional performance management tools were built for an era where companies were slow-moving pyramids. Today, if you continue to drive only top-down performance reviews, your top talent will leave, and as a business, you’re likely to get disrupted very soon! Mesh helps modern companies scale a culture of real-time performance and growth conversations across peers, managers and teams. Our vision is to enable 30 million people to achieve their full potential at work by 2030,” said Gaurav Chaubey, Co-founder and CRO at Mesh.

In addition, Saurabh Nangia, Co-founder and CEO of Mesh, said, “When it’s done well, a continuous performance management approach motivates employees to not only accomplish their goals, but also to develop better relationships with their managers, grow and develop within the company, and excel at work that is most meaningful to them. In short, it can support a more human experience, and we are here to enable this.”

He further added, “We are delighted with the consistent support and appreciation we have received from our investors and early customers. Last year we solved the key unmet needs of our customers. We’re excited to double down on enhancing user love and expanding further in global markets this year. We’re building a truly multi-generational company that will continue to reimagine how people perform and grow in the ever-changing future of work.”

What the investor has to say

“Last year, we backed Mesh based on the strength and the vision of the team. Since then, the team has executed well to not only stellar onboard customers but also delight users. Leading this round was a no-brainer for us, and we are thrilled for this continued partnership as Mesh builds a distinctive brand around the future of work,” said Madhur Makkar of RTP Global.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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