Rising Team, a leading platform for team performance enhancement, has successfully concluded its Series A funding, securing $8 million. Led by Zeal Capital Partners, the round also saw participation from esteemed previous investors such as Peterson Ventures, Roble Ventures, Female Founders Fund, Burst Capital, and Supernode Ventures. This substantial investment empowers Rising Team to bolster its platform with artificial intelligence (AI), expand its workforce, and extend its market reach.
- Challenges in Hybrid Workplaces:
- Rising Team addresses the complexities confronted by leaders in hybrid and distributed work environments, where building high-performing teams poses unique challenges.
- Gartner’s findings reveal that 75% of middle managers feel overwhelmed, emphasizing the urgency for solutions like Rising Team to enhance team effectiveness and foster trust and connectivity.
- Rising Team’s Solution:
- Rising Team’s software empowers managers to conduct scientifically grounded team development workshops and connection-building exercises autonomously, without external facilitators.
- Implementing these software-guided sessions yields remarkable improvements in employee engagement, psychological safety, employee Net Promoter Scores (eNPS), and manager effectiveness.
- Introduction of aRTi:
- This summer, Rising Team will unveil aRTi, a conversational AI leadership coach infused with research-based best practices and insights gleaned from Rising Team sessions.
- aRTi offers personalized recommendations and scripts, aiding managers and teams in delivering effective feedback, accommodating working styles, expressing appreciation, and more.
Impact and Achievements:
- Customer Success Metrics:
- Rising Team’s diverse clientele, ranging from Fortune 500 companies to scaling startups and government agencies, witness significant benefits from utilizing Rising Team sessions.
- Notable achievements include over 90% of team members reporting increased connectivity, up to a 60% surge in eNPS scores post four Rising Team sessions, and a 20-40% rise in intent to stay.
- Investor Endorsement:
- Nasir Qadree, Founder and Managing Partner at Zeal Capital Partners, underscores the pivotal role of team development tools in fortifying workplace culture and profitability.
- Zeal Capital Partners’ investment signifies confidence in Rising Team’s mission to empower leaders across organizations and bridge skill gaps through innovative team performance Software.
Rising Team’s successful Series A funding round marks a significant milestone in its journey to revolutionize team performance enhancement in modern workplaces. With steadfast support from investors and a commitment to leveraging advanced technology, Rising Team is poised to continue empowering leaders at all levels, fostering enhanced engagement, connectivity, and performance within teams worldwide.
