Visier closes $45m financing round

Visier CEO John Schwarz | Photo: Submitted

Vancouver-based Visier has announced it has closed a $45 million funding round led by Sorenson Capital.

The proceeds will bring the HR tech firm’s total funding to $94.5 million and will be used to fuel its plans for international growth.

“We are experiencing a tidal wave of demand because, instead of focusing on data tools and data scientists, Visier has focused on business leaders and on their important and ever-changing and probing questions,” said John Schwarz, the company’s founder and CEO.

Visier was founded in 2010 by Schwarz and Ryan Wong. Its investors include Summit Partners, Foundation Capital and Adams Street Partners. The company said it has tripled its customer base in the last three years and grown its revenue by 525%.

The company said it provides HR analytics that it says can help customers with staffing issues, including predicting which employees are planning to resign.

ecrawford@biv.com

@EmmaHampelBIV


Check out BIV’s podcast for the week of March 14, 2017:

comments powered by Disqus

More from Technology

Virtual reality ascent faster in B.C. than in other provinces: OMERS

B.C. gets products to market faster than Ontario, but expert says its talent pool numbers still lag behind other regions

Read Article

Fintech sector gets cosier with big banking

But large financial institutions still playing catch-up with disruptive technological forces

Read Article

Broadway transit back on track?

New TransLink consultations buoy business hopes for key Vancouver commercial corridor

Read Article

Giant medical research hub rises in city of Surrey

Eight-tower City Centre project aims to replicate ‘Stanford University type’ of development

Read Article

BIV on Global BC March 17, 2017: Lyft lawsuit; Tim Hortons owner ...

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×