Panalyt raises US$3 Million Seed Round to Enable Data-Driven Employee Decisions in the Workplace
Global People Analytics software vendor Panalyt has successfully closed a US$3 Million seed round, led by D4v (d4v.com) and including the Chiba Dojo Fund (chiba-dojo.jp/en/) and Headline Asia (headline.com/). Panalyt is also relocating its Headquarters to Tokyo in August 2021.
Panalyt has successfully closed a US$3 million seed round, led by D4v (d4v.com), Chiba Dojo Fund (chiba-dojo.jp/en/) and Headline Asia (headline.com/).
Due to the growth of Panalyt in Japan, and the huge potential of that market, as well as the strong interest level and support of the Japan investment community, we are establishing a new HQ entity in Japan, Panalyt Group Co., Ltd., as the parent company , effective August 2021.
■ About Panalyt
Panalyt empowers business leaders, HR and people managers across the organization to make data-driven employees decisions without relying solely on experience and intuition by enabling access to relevant, timely people data and insights across the employee lifecycle through its suite of pre-built dashboards, reports and visualizations.
In the Human Resources field, there has been an exponential increase in niche SaaS HR technology tools to improve the efficiency of various human resources operations, highlighting a need to integrate and analyze HR data across disparate systems and spreadsheets, and then empower people managers with timely access to actionable people data and insights across the employee lifecycle.
■ Why move the headquarters function to Japan?
Panalyt shifted its headquarters to Japan due to the country’s significant growth potential in the People Analytics market. Japan’s rising demand, driven by increased digital HR literacy, remote work challenges, and capital market interest, made it an ideal location.
Panalyt’s “Small Start, Quick Win” approach enables rapid, affordable HR data utilization, significantly reducing the time for testing employee-related hypotheses, which has received market attraction.
With Japan contributing heavily to Panalyt’s revenue and strong investor interest, the headquarters move aims to enhance support for Japanese clients while maintaining a global focus.
