Rising Team, an industry-leading team performance platform, announced the completion of its Series A funding of $8 million. This funding round was led by Zeal Capital Partners alongside previous investors including Peterson Ventures, Roble Ventures, Female Founders Fund, Burst Capital, and Supernode Ventures. This funding round enables Rising Team to enhance its team performance platform with AI, hire new team members, and expand its market presence.
Rising Team addresses the issues that leaders in hybrid and distributed workplaces face in building high-trust and high-performing teams. And Rising Team equips managers at all levels to improve team effectiveness and strengthen trust and connection. And the company’s software enables managers to lead science-backed team development workshops and connection-building exercises that increase trust and improve performance without an outside facilitator. And by running these software-guided team sessions, Rising Team customers see significant lifts in employee engagement, psychological safety, eNPS and manager effectiveness.
Later this year, Rising Team will introduce aRTi – which is a conversational AI leadership coach that combines research-based leadership best practices with unique insights about individual team members gathered from Rising Team sessions. And aRTi offers personalized recommendations and scripts, helping managers and their teams provide effective feedback, accommodate working style preferences, show appreciation, and more.
Rising Team’s customers range from Fortune 500 technology, manufacturing and financial services companies to mid-sized companies and scaling startups, to government agencies and schools. And by running Rising Team sessions, customers achieve:
1.) Over 90% of team members report they feel more connected
2.) Up to 60% higher eNPS scores after completing 4 Rising Team sessions
3.) 20% to 40% increase in intent to stay
KEY QUOTES:
“We expect today’s leaders to build engaged, high-performing teams, even in distributed and hybrid workplaces. However, while companies regularly measure employee engagement, they often leave managers without tools to help them improve it. We’re thrilled to have support from Zeal Capital as we enhance our platform so managers at every level can increase engagement, connection, and performance on their teams. Rising Team is helping leaders become more effective by combining deep human connection with intuitive AI capabilities that support every leader and team inside an organization.”
- Jennifer Dulski, Founder & CEO of Rising Team
“The role of team development tools in today’s workplace is crucial for maintaining culture and profitability. Our firm is committed to scaling businesses that narrow skills gaps and enhance employee collaboration, and Rising Team is executing this strategy by pioneering advancements in team performance software to empower middle managers and leaders at all levels. We have strong conviction in the company’s mission and are excited to invest in Rising Team’s next stage of growth.”
- Nasir Qadree, Founder and Managing Partner at Zeal Capital Partners
