- Career experience and talent mobility platform company Fuel50 recently announced it raised $14 million in Series B led by PeakSpan Capital
Fuel50 — the creator of the world’s fastest-growing career experience and talent mobility platform — announced it raised $14 million in Series B funding led by PeakSpan Capital. This investment will be used for supporting further expansion and driving significant additions to the company’s award-winning technology. The Fuel50 career experience platform was developed by Fuel50 founders Anne Fulton and Jo Mills.
The Fuel50 career experience platform was built to empower employees to have a visible career path within their organization and to enable leaders to engage and motivate their teams while delivering powerful talent insights to HR leaders.
As it is now one of the tightest labor markets in the past 50 years and attrition costs skyrocketing, employee retention is more critical than ever. And to combat employee turnover, companies of all sizes ranging from Fortune 500 to startups are using Fuel50 to drive measurable results. After deploying its technology, Fuel50 customers have experienced up to a 30% increase in employee engagement and an average 60% reduction in churn.
“In a world that’s rabidly competitive for great talent, leading enterprises understand and appreciate that there are deep and untapped veins of gold within their own ranks,” explained Philip Dur — the co-founder and managing partner of PeakSpan Capital. “Fuel50 is at the vanguard of a huge opportunity to reframe the talent experience. We think career pathing and talent development will become table stakes for leading business in any vertical and we’re privileged to partner with the team that pioneered this category.”
