AllVoices, a Los Angeles-based feedback management startup, has closed a $9.6 million Series A funding round to support the growth of its platform.
The funding round was led by Silverton Partners and counted with participation from firms like M13 Ventures and Crosscut Ventures. The round brings the total funding raised by the startup since being founded in 2017 to $14 million. Roger Chen, Partner at Silverton Partners, referred to the firm’s participation by stating:
“Silverton had been doing research into the employee feedback space for some time. We identified AllVoices as a market leader and reached out to Claire even though they were not seeking funding at the time. We see the immense value in providing companies a way to collect and manage feedback that builds trust with their employees.”
At this time, AllVoices serves customers like Zilllo, Box, and GoPro, offering different features like anonymous two-way communication, whistleblower hotline, pulse surveys, and case management system, all packed in a single employee feedback management platform.
AllVoices’ platform was designed to allow companies to reduce blind spots in the organization by providing all employees with an effective way to provide feedback. With about 74% of employees saying they would be likely to provide feedback if it was truly anonymous, the startup’s solution provides an effective way to level the playing field. Claire Schmidt, CEO and founder of AllVoices, referred to this approach by stating:
“Today, more than ever, companies are finding it more challenging to recruit and retain talent because of shifts in the labor market. Real-time employee feedback is critical to help companies proactively address workplace issues. When internal channels for this type of feedback are not available, employees have to take more extreme action. For example, the recent walkout of Activision Blizzard employees, the Amazon employee petition alleging discrimination and harassment, and Governor Andrew Cuomo’s resignation over sexual harassment claims all show what happens when companies or organizations do not provide safe and effective channels for employees to speak up.”
The new funding will be used by the feedback management startup to increase its channels of communication with customers, scale its platform, build additional automated solutions, and expand its team.