San Francisco, Nov. 12, 2013 (GLOBE NEWSWIRE) -- Good.Co, the professional network and self-discovery platform that fosters workplace happiness by quantifying culture-fit, today announced it has raised a $1.3 Million seed investment round from Cloud Power Fund, The London Fund, Norwest Venture Partners, Playfair Capital and Talent Equity Ventures. The investment round will be used to drive Good.Co's growth, build out its team and rapidly expand its features for building more effective teams and improving employee retention.
According to research, two thirds of Americans are disengaged at work - a problem that's costing American businesses $450 billion per year in lost productivity. Good.Co is solving this painful problem for businesses by taking a scientific, people-first approach to improving culture in the workplace. It provides a fun, free personality assessment that helps people identify their professional archetype, assess their fit with managers, teams, companies and jobs, and provides a professional social graph to support team development and foster employee engagement.
"Millennials are taking over the workforce, and this segment is putting more importance on cultural fit than any other in history," said Samar Birwadker, CEO and co-founder of Good.Co. "We've seen incredible interest from job seekers and employees, as well as from businesses, looking for a quantitative, user-driven approach to solve the culture fit problem. This seed round will be imperative for supporting our goal of bringing happiness to the workplace, and will allow us to scale up ad roll out our product to meet current demands."
Good.Co has grown exponentially in its first six-months of gated beta, acquiring over 60,000 end users with an 80% month-over-month growth during that period. During this time, Good.Co has been actively adding new features and functionality to the platform. It has also become a popular source for career-related content and best-practices for young professionals.
To learn more about Good.Co and take its psychometric survey today, visit: www.good.co.
About Good.Co
Good.Co is a professional social network and self-discovery platform that's fostering workplace happiness through culture-fit analytics. Good.Co's proprietary scientific framework helps people identify their professional strengths for better fits with peers, friends, managers, and companies. A TechStars graduate, Good.co is based in San Francisco, CA and was founded in 2012. It's backed by the Cloud Power Fund, The London Fund, Norwest Venture Partners, Playfair Capital and Talent Equity Ventures among others. To learn more about Good.co and find your professional work personality today, visit: www.good.co.