Tango Technology Inc., a workplace intelligence platform backed by big names like LinkedIn, Netflix Inc., and Indeed, announced a $14 million Series A funding found, bringing its total raised to $19.7 million. The money will be used to double the size of its team, according to the company’s chief executive officer and president Ken Babcock.
Through its IT and enterprise software services, the Redding-based company, which maintains a number of employees and executives in L.A., streamlines the creation of process documentation. Tango-generated workflows, captured by its Chrome extension and desktop app, helps companies onboard new hires, train employees and facilitate process improvement, according to a company news release.
Tiger Global Management led the round, with Slack Fund and Atlassian Ventures participating. Existing Tango investors also participated and including Wing VC, General Catalyst, GSV Ventures, Red Sea Ventures, and Outsiders Fund. In conjunction with the funding, Zach DeWitt, partner at Wing VC, will join Tango’s board of directors.
“Slack charted the course for bottoms-up adoption,” Jason Spinell of Slack Fund said in a statement. “We strongly believe great collaboration tools have undeniable product-led DNA. Tango has this in spades, and we have incredibly high conviction in the team’s ability to define the category.”
Ken Babcock, chief executive officer and co-founder of Tango, said the funding would help further the company’s plan to more than double its staff before the end of the year, from 22 to 45 people.
The company’s Workspace program “is bringing organizations of all sizes the insights they need to better understand how work is performed. With the ability to see and understand how work is getting done, organizations can focus on improving employee performance, standardizing best practices, and ultimately, scaling business operations,” he added.
Babcock declined to provide company financials, but said Tango had more than 100,000 users across 25,000 teams using its service since the launch of its Chrome Extension in September 2021. Paramount Pictures, UCLA, the Los Angeles Unified School District, and Forever 21 are some of the company’s many Los Angeles-based partners.
Matt Sonefeldt, head of Atlassian Ventures, praised the company in a statement accompanying the funding news, explaining that the company helps deliver “powerful collaboration solutions” to its team across more than 200,000 cloud customers.
“Companies of all sizes are craving easy-to-use documentation tools to thrive in today’s distributed work environment,” Sonefeldt said. The Covid-19 pandemic highlighted companies’ knowledge-management challenges in shifting to a virtual workforce, Babcock added.
“Today, businesses still face challenges when collaborating and accessing information across the organization,” he said. “The Great Resignation has only exacerbated this, with many businesses facing higher turnover rates and more significant recruitment difficulties.”
Tango will use the recent funding round to invest in team growth and new products. With plans to double the size of its staff, Babcock said the capital will enable product expansion into enterprise offerings, integrations, and viewership experience.
