One Model, the foremost people analytics software company, announced the successful completion of its growth funding round, securing a $41 million investment led by Riverwood Capital, a leading global investor in high-growth technology companies.
The investment is a strong endorsement for One Model, as it is one of the most sizable new investments made in a human resources technology company in 2023. Since 2015, the world’s largest employers and brands have made superior, expedient talent decisions with One Model’s authentic workforce data orchestration and flexible, transparent, and practical machine learning.
“This capital will allow us to maintain our growth trajectory and remain the innovation leader of the people analytics domain,” stated Christopher Butler, co-founder and CEO of One Model. “With our expanded resources, we aim to empower HR and IT leaders to harness the true potential of their enterprise workforce data to drive significant business outcomes.” He added, “Additionally, my co-founders, David Wilson, Matthew Wilton, and I, share a career-long passion for democratizing people data insights at scale in large organizations. We’ve made it our life’s mission to provide all decision-makers with the most reliable, impactful, predictive, and ethical insights possible.”
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The funding will accelerate the development of two core technology solutions within One Model’s portfolio. The first is the People Data Cloud, a pioneering workforce data orchestration platform designed to provide enterprises with superior analytics capabilities. The People Data Cloud allows organizations to utilize the full potential of their workforce data, garner actionable insights, and make data-informed decisions that drive business success.
The second focus area is One AI, the most transparent and secure data science, machine learning, and predictive analytics platform in the HR analytics category. This cutting-edge technology promotes ethical, explainable AI-generated insights for employers. One AI combines regulatory-ready governance with predictive reliability and is setting a high innovation standard for years to come.
“In a world of increasing digitalization, automation, technology innovation, and complexity, making informed and timely talent decisions is fundamental to the success of any organization,” said Francisco Alvarez-Demalde, Co-Founder and Managing Partner at Riverwood Capital. “One Model’s platform makes sense of all HR data, providing employers with the right people analytics tools and insights in order to unleash the full potential of their workforce. With One Model, companies can identify, develop, and retain talent and make better hiring and other HR-related decisions. One Model’s people-centered approach and innovative technology have set them apart as a great partner for enterprises globally as they pursue stronger people strategies. We are excited to work together with this amazing team to grow the business and revolutionize HR with a comprehensive platform for people analytics.”
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One Model’s growth trajectory is powered by strong customer relationships with nearly a hundred of the world’s largest global employers and brands. By delivering secure and unprecedented access and visibility to these organizations’ global people data, the company has earned a reputation as the most respected and capable people analytics provider in the industry. Over the years, One Model has received numerous awards and accolades. It won the Queensland Export Award in 2021, was a finalist in the Australian Export Awards in 2022, and was regaled as HR Tech Alliance’s Best New People Analytics Solution in 2020.
This recognition reflects One Model’s experience with its customers, including Colgate-Palmolive, who use data to inform engagement strategies for its 34,000 global employees to help achieve diversity, equity, and inclusion objectives. One Model is trusted around the world and across sectors. Among its customers are one of the world’s largest web design and hosting companies, the leading online securities trading app, a global payroll provider, and dozens and dozens of globally-recognized brands.
Queensland Investment Corporation (QIC), Geekdom, and AV8 Ventures also participated in the round. AGC and Cooley served as advisors to One Model and Foley & Lardner LLP. Piper Sandler served as advisors to Riverwood Capital.
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