INSUBCONTINENT EXCLUSIVE:
ChartHop, a startup that aims to modernize and automate the organizational chart, announced a $5 million seed investment today led by
Andreessen Horowitz.A big crowd of other investors also participated including Abstract Ventures, the a16z Cultural Leadership Fund,
CoFound, Cowboy Ventures, Flybridge Capital, Shrug Capital, Work Life Ventures and a number of unnamed individual investors, as
well.Founder, CEO and CTO, Ian White says that at previous jobs including as CTO and co-founder at Sailthru, he found himself frustrated by
the available tools for organizational planning, something that he says every company needs to get a grip on.White did what any good
He left his previous job and spent the last couple of years building the kind of software he felt was missing in the market
wrote in a blog post announcing the investment.The way it works is that out of the box it connects to 15 or 20 standard types of company
systems like BambooHR, Carta, ADP and Workday, and based on this information it can build an organizational chart
The company can then slice and dice the data by department, open recs, gender, salary, geography and so forth
There is also a detailed reporting component that gives companies insight into the current makeup and future state of the organization.The
visual org chart itself is set up so that you can scrub through time to see how your company has changed
He says that while it is designed to hide sensitive information like salaries, he does see it as a way of helping employees across the
organization understand where they fit and how they relate to other people they might not even know because the size of the company makes
that impossible.ChartHop org chart organized by gender
Screenshot: ChartHopWhite says that he has dozens of customers already, who are paying ChartHop by the employee on a subscription basis
While his target market is companies with more than 100 employees, at some point he may offer a version for early-stage startups who could
benefit from this type of planning, and could then have a complete history of the organization over the life of the company.Today, the
company has 9 employees, and he only began hiring in the fall when this seed money came through
He expects to double that number in the next year.
