Career progression platform Pando has raised $ 6.9M from Craft Ventures with participation from Lerer Hippeau, GFC, Correlation Ventures, and additional strategic investors including Jane Alexander CMO at Carta, Ashkay Kothari COO at Notion, and Des Traynor Co-founder at Intercom. The company aims to use it to expand the engineering team to build out the go-to-market function to drive customer acquisition.
Commenting on the latest round of funding, Barbra Gago, Founder, and CEO at Pando said, “Performance bell curves, the lack of structure, real-time calibration, and data resulting in the black box which was employee promotions frustrated me for years. It was this, coupled with my desire to bring agility to HR and democratize professional success, that Pando – the first and only career progression platform – was born.”
According to the official communique, Pando was created to meet the growing needs for building and scaling fair career progression–leveling the playing field for all employees.
Further commenting on the round, Lainy Painter, Partner at Craft Ventures said, “We saw firsthand how forward-thinking startups are incorporating employee leveling and competency-based coaching into their HR stack earlier than ever. However, they are stuck building their structure from scratch in Excel. Barbra and team have built a solution for this: Pando transforms career progression from manual and error-prone to easy and effective.”