TeamOhana, a California-based strategic headcount management platform, announced that they had raised $4 million in seed investment funding led by Sierra Ventures.
Other participating investors include Katalyst Ventures, and a series of angel investors and strategic operators like Akshay Kothari (COO at Notion), Samuel Adeyemo (Co-founder at Aurora Solar), Thejo Kote (Founder & CEO at Airbase), Brad Goldoor (Co-founder & Chief People Officer at Phenom), Anshu Sharma (Co-founder & CEO at Skyflow), Sarika Garg (Co-founder & CEO at Cacheflow), Sharath Narayana (Co-founder at Observe.ai), Shamir Karkal (Co-founder & CEOat Sila), Keith Masuda (Vice President of Finance at Modern Treasury), and Rob Glickman (CMO of Cledara and Former CMO at Treasure Data).
The company will use the funds to scale its product and the go-to-market team.
To accompany this growth, they will make a series of executive-level hires, including a Head of Marketing and Head of Sales, to help lead their team to success.
Right now, TeamOhana’s workforce is remote first and comprises a talented worldwide team that works globally across US, Spain, India, and Nigeria.
Alongside this funding round, TeamOhana is also launching its real-time headcount analytics feature. The feature combines previously siloed data across systems into a customisable dashboard to show current and forecasted headcount.
People leaders can now get real-time insights into their headcount budgets and perform more effective strategic organisational planning.
“Headcount makes up 70-80% of a company’s operating expenses, yet it’s entirely managed in spreadsheets,” says Tushar Makhija, Co-founder & CEO at TeamOhana. “Our goal is to empower fast-growing companies with a strategic and effective headcount management platform to achieve their business goals faster. We’re excited to partner with Sierra and our angels as we improve our product and grow our team globally.”
Managing headcount responsibly
Established by Tushar Makhija and Baishampayan “BG” Ghose in 2021, TeamOhana is building a platform to help businesses hire and scale headcount responsibly through real-time data and collaboration that provides infinite opportunity and growth.
By syncing siloed systems, the platform shows real-time headcount, empowering all teams to collaborate and execute their strategic hiring plans on time and within budget.
The platform helps finance and people leaders make critical business decisions affecting product roadmaps, sales targets, and revenue projections.
“We use TeamOhana to get a single source of truth for headcount planning,” says Scott Baumgartner, CFO at Docker. “Now, all teams can access one dashboard that provides real-time signals to dynamically adapt to business changes and shift capital allocation sooner. TeamOhana has helped us optimize resource allocation recommendations.”
