Performance Reviews Software Lands $6.2M Funding Round

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Confirm, a platform that uses Organizational Network Analysis (ONA) to improve performance reviews, has raised $6.2 million in Series A funding. The round was led by Spero Ventures with participation from SHRMLabs, Elefund, Gaingels, Black Angel Group and several existing customers.

Confirm’s platform uses ONA to provide a quantitative view of performance based on every employee’s view of one another. This allows companies to measure performance in the way it really happens: through networks. Confirm gives companies, leaders and employees insight into high performers and those that need additional support, allowing organizations to confidently and accurately make promotion, PIP and retention decisions based on clear data.

Confirm will use the new funds to fuel product development and boost investment in sales and marketing. The company will also use the funds to further develop its ChatGPT-4 enabled features, which include auto-drafted employee reviews using input from peers and managers, auto-generated employee engagement survey insights, and auto-calibrated manager ratings for employees to minimize bias in calibration sessions.

With Spero Ventures’ investment, Andrew Parker, General Partner, will join Confirm’s board as a director. Parker said, “Confirm is dedicated to changing the traditional performance review process, and bringing network-driven decision making to the HR realm.”

This funding announcement comes after a landmark year for Confirm. This week, the company was named as one of the “Top HR Products of 2023” in the Talent Management category by Human Resource Executive®.

“This Series A investment coupled with recognition and backing from industry-leading sources like Fast Company and SHRM reinforce the need for our solution to revolutionize the broken performance review process,” said David Murray, co-founder and president of Confirm. “I’m proud of our team and looking forward to this next phase of Confirm’s growth: creating a world where employees are recognized and rewarded for their hard work and positive impact, not their ability to play office politics.”

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For more information on Confirm, please visit: https://www.confirm.com/.

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