Humu Acquisition, Valuation, Funding & Investors

Humu was acquired by Perceptyx in August 2023.

See full Humu profile

Humu acquisition price

Undisclosed

Acquired by Perceptyx · Aug 2023

Cumulative funding Humu raised

$101M

across 3 funding rounds

Key investors in Humu

  • Index Ventures
  • IVP
  • Alumni Ventures
  • Global Founders Capital
  • Homebrew
  • TCV
  • Castor Ventures
  • Blue Ivy Ventures

Humu Overview

About Humu

Humu is a Mountain View-headquartered people science company that applies machine learning to organizational psychology research for employee development. Its platform delivers personalized nudges to improve leadership skills, managerial effectiveness, and team collaboration based on studies from Google and Stanford. Founded in 2017, Humu serves Fortune 500 clients including Cisco and Workday, with operations extending to remote teams across the US and Europe.


Founded

2017

HQ

United StatesSan Francisco, CA

Website

humu.com

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$503M (Jan 2022)

Humu Acquisition

Humu was acquired by Perceptyx for an undisclosed price on 2 August 2023.

Before the acquisition Humu had raised $101M across 3 funding rounds.

Humu, a technology company co-founded in 2017 by former Google SVP of People Operations Laszlo Bock and led by CEO Scott Chancellor, uses science-based 'nudges'—small, personalized notifications—to drive positive behavior change, improve employee engagement, and enhance business performance. Clients include Farfetch, Expedia, and Virgin Atlantic. Perceptyx, the leading employee listening and manager effectiveness platform based in Temecula, California, serving 600 customers including one-third of the Fortune 100, acquired Humu on August 2, 2023, to integrate its extensive library of behavior nudges into the People Insights Platform. The strategic rationale centers on closing the gap between employee insights from continuous listening, pulse surveys, lifecycle feedback, and AI-powered analysis, and actionable outcomes. Perceptyx CEO John Borland emphasized that while listening identifies employee needs, managers struggle with consistent action; combining Humu's nudge science with Perceptyx's AI enables hyper-personalized, contextually relevant recommendations to the entire workforce, leveraging tools like Cultivate Intelligent Coaching for manager interactions. Humu CEO Scott Chancellor noted this union scales recommendations to hundreds of thousands of employees to address unique challenges. Perceptyx committed to supporting Humu customers through seamless transitions, building on their investments. Analyst Josh Bersin highlighted Humu's innovation in nudges complementing Perceptyx's survey and listening strengths to 'close the loop' and turn insights into action, positioning the combined entity strongly amid competitive employee experience tools, where Humu had faced challenges from market disruptions like the pandemic.

Humu acquisition details
AcquirerDateType
  • Perceptyx
2 Aug 2023Strategic M&A

Humu Valuation

Humu is currently valued at $503M, based on its Series C in January 2022.

The $60M round was led by TCV, with participation from SVB Capital, Index Ventures, IVP, Castor Ventures, Global Founders Capital and 2 other investors.

Humu's valuation has grown 3.3x from $153M at its Series A in May 2018 to $503M in January 2022, across 2 priced rounds.

Humu valuation by funding round

Humu valuation by funding round
DateStageValuation
Jan 2022Series C$503M
May 2018Series A$153M

Humu Funding History

Humu has raised a total of $101M across 3 funding rounds.

Humu's first fundraising round was a $11M Series A in May 2018. The most recent completed round was a $60M Series C in January 2022.

Humu funding rounds

Humu funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series CTCV (lead); SVB Capital; Index Ventures; IVP; Castor Ventures; Global Founders Capital; Alumni Ventures; Blue Ivy Ventures$60M$503MHumu is a people analytics platform leveraging AI and behavioral science to enhance employee engagement and performance, founded by former Google People Operations leaders. Humu operated in the competitive HR tech space focused on employee experience and analytics. The company raised funds across multiple rounds, culminating in a Series C on January 25, 2022, led by TCV with participation from Alumni Ventures, Blue Ivy Ventures, Castor Ventures, Global Founders Capital, Index Ventures, IVP, SVB Capital, and others, for $60 million to enhance technology and expand market reach. Total funding reached $100.6 million across Series A ($10.6M in 2018 led by Index Ventures), Series B ($30M in 2018 led by IVP), and Series C. The company was acquired by Perceptyx on August 2, 2023, marking the end of its independent funding journey.
May 2018Series BIVP (lead)$30M-Humu raised $30 million in its Series B funding round on May 3, 2018, led by IVP, following a Series A of $10.6 million on May 1, 2018, led by Index Ventures. The Series B was aimed at expanding operations and scaling the business. Total funding across rounds reached $100.6 million including a later Series C of $60 million in January 2022 led by TCV. Humu focuses on employee well-being and productivity through a technology platform that measures employee metrics and incentivizes positive behavioral changes. The company develops and launches products in the behavioral-change and employee engagement space. Backed by investors like Index Ventures, known for investments in Dropbox, Etsy, and Skype, and IVP. Post-Series B, Humu was positioned for growth amid rising interest in employee productivity solutions. It faces competition from other employee engagement platforms and must ensure scalability and service quality during expansion.
May 2018Series AIndex Ventures (lead); Homebrew$11M$153MHumu raised $10.6 million in a Series A round on May 1, 2018, led by Index Ventures with participation from Homebrew. The post-money valuation for this round reached $153.05 million. The funding supported the development and launch of Humu's initial product offerings in the people analytics space. Humu provides a platform leveraging machine learning and insights from former Google People Operations leaders to improve employee engagement and performance. The company focused on deploying its product with enterprise customers following the Series A. Subsequent rounds included a $30 million Series B in May 2018 led by IVP and a $60 million Series C in January 2022 led by TCV, bringing total funding to over $100 million before its acquisition by Perceptyx in August 2023.

Who has invested in Humu?

9 investors have backed Humu across its funding rounds, including Index Ventures, IVP, Alumni Ventures, Global Founders Capital, Homebrew and TCV.

Lead investors include TCV, IVP and Index Ventures.


Humu Investors

Investors in Humu by funding rounds participated
InvestorHQRoundsRoleFirst check
Index VenturesUnited KingdomLondon2LeadMay 2018
IVPUnited StatesSan Francisco, CA2LeadMay 2018
SVB CapitalUnited StatesSan Francisco, CA1ParticipantJan 2022
Castor VenturesUnited StatesBoston, MA1ParticipantJan 2022
Global Founders CapitalGermanyBerlin1ParticipantJan 2022
TCVUnited StatesSan Francisco, CA1LeadJan 2022
Alumni VenturesUnited StatesUnited States1ParticipantJan 2022

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Humu Competitors

Humu competitors include listed companies like Teamshares and Asure Software, and private ones like HackerRank, micro1, Payactiv and Sense.

Public and private companies comparable to Humu
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HackerRankUnited StatesSan Francisco, CAPrivate--$500M-
micro1United StatesSan Francisco, CAPrivate$50M-$500M10.0x
PayactivUnited StatesSan Jose, CAPrivate--$500M-
SenseUnited StatesSan Francisco, CAPrivate--$500M-
TeamsharesUnited StatesUnited StatesPublicly listed$472M($23M)$545M1.4x
Asure SoftwareUnited StatesUnited StatesPublicly listed$141M$20M$245M1.9x

Humu Public Comps

Humu is no longer listed, but its public comps include Teamshares, Nordtech Group, AdvancedAdvT, Beisen Holding, Zaggle Prepaid Ocean, Asure Software, DHI Group, TON Strategy, ReadyTech and Freee.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Nordtech Group$72M$15M5.1x-25.2x-
AdvancedAdvT$72M$13M2.5x2.4x14.1x8.9x
Beisen Holding$165M$2M0.3x0.3x22.3x5.2x
Zaggle Prepaid Ocean$199M$20M1.0x1.0x10.4x10.7x
Asure Software$141M$20M2.1x1.9x15.2x8.0x
DHI Group$128M$2M2.0x2.0x108.0x7.8x
TON Strategy$13M($148M)11.0x11.0x(1.0x)-

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Common questions about Humu

When was Humu founded?Humu was founded in 2017.
Where is Humu headquartered?Humu is headquartered in San Francisco, CA, United States.
Is Humu publicly listed?No, Humu was acquired by Perceptyx in August 2023.
Who acquired Humu?Humu was acquired by Perceptyx in August 2023.
What is Humu's valuation?Humu was last valued at $503M in its Series C in January 2022.
How much funding has Humu raised?Humu has raised $101M across 3 funding rounds.
What was Humu's last funding round?Humu's last funding round was a $60M Series C in January 2022, led by TCV.
Who are Humu's investors?Humu's investors include Index Ventures, IVP, SVB Capital, Castor Ventures, Global Founders Capital, TCV, Alumni Ventures, Homebrew and Blue Ivy Ventures.
Which companies are comparable to Humu?Companies comparable to Humu include HackerRank, micro1, Payactiv, Sense, Teamshares and Asure Software.

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