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


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