Ohos

Performance Review Platform for Employees

Company Information

Website:

http://www.myohos.com/

Sector:

Business Intelligence, Analytics & Performance Mgmt Software

Location:

Denver, CO

Ohos is changing the way businesses conduct employee performance reviews.

The company has created a performance review platform that uses crowdsourcing to provide multiple channels for feedback.

Instead of traditional annual performance reviews, Ohos enables employees to receive feedback from supervisors, co-workers, and clients in real-time.

This information is stored on Ohos’ dashboard, enabling managers to have a better idea about individuals’ performances and areas of improvement.

Ohos offers a solution for the 60% of employees who feel they don’t receive enough feedback from supervisors, as well as the 51% of managers who admit they don’t have enough time to effectively manage their employees.

According to company research, since 2014, 10% of Fortune 500 companies have stopped using traditional performance reviews, including IBM, Microsoft, Accenture, and Gap.

In just six months, Ohos has started generating revenue, and has attracted 25 clients, including Kaiser Permanente, Techstars, and Georgia Tech University.

With its platform, Ohos is targeting the global human resources management market.

This market, which Grand View Research projects will reach $30 billion by 2025, has recently experienced notable M&A activity — for example:

In May 2018, Glassdoor, an online platform enabling employees to post reviews of their employers, was acquired by Recruit Holdings for $1.2 billion…

And in October 2015, CoAdvantage, a company providing HR solutions, was acquired by Morgan Stanley.

Team Background

Dave Needham - Co-Founder

Dave has worked in Talent Development and Organizational Change for 10 years.

His experience includes work for Vail Mountain Resorts and Crocs.

Dave earned his BA in Philosophy from, and his Masters degree in Organizational Performance and Change from Colorado State University.

Alicia Yanik - Co-Founder

Alicia is a senior management professional with deep project delivery skills, and a balance of business and technical experience.

She has a strong track record of increasing software engineering velocity and quality in early- to mid-stage organizations.

She was Manager of Software Development at Atlas (a division of aQuantive), Director of Software Development at eBags, Vice President, Software Development at Roomlinx, and Senior Vice President Engineering & Delivery at Levels Beyond / Reach Engine.

She earned her degree from University of Colorado at Boulder.

Co-Investors

Raising
$1.07 million
Committed
$104.871K (10%)
Current Valuation
$3.5 million
Min. Investment
$500
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
Notable Investors
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