- The Org, a company that is known for offering the ability to explore organizational charts, announced it raised $8.5 million
The Org is a company that is known for offering the ability to explore the organizational charts of companies. Recently, The Org announced it raised $8.5 million in Series A funding led by Founders Fund with participation from Sequoia Capital, Balderton Capital, and a number of angel investors.
This round of funding follows a previously unannounced seed round of $2.5 million led by Sequoia Capital with participation from Founders Fund, Kevin Hartz, Elad Gil, Ryan Petersen, and SV Angel.
The Org was launched by Danish serial entrepreneurs in 2017 and the company has offices in New York and Copenhagen, Denmark. And The Org has a growing database of more than 16,000 org charts provided through a combination of research and crowdsourcing. And users can see their own company’s org chart and make edits by verifying their company email address.
The Org aggregates this data from thousands of public data sources and uses crowdsourcing for verifying the information. As businesses are becoming more dynamic and complex in structure. And a workforce that is more frequently changing jobs. The Org has created a platform with real-time org charts which reflects the dynamic nature of today’s organizational structures.
This funding round will enable the company to accelerate its rapid growth and expand research teams. Plus it will be used to accelerate its product development.
This year, The Org plans to launch a jobs platform. And this will be a natural extension of the product to allow companies to create open positions within their org chart and show off their team to attract new talent.
In connection with the funding, Founders Fund partner Keith Rabois is joining The Org’s board of directors.
The Org launched in November 2017 by Christian Wylonis (CEO) and Andreas Jarbøl (CTO) — who were previously co-founders of social shopping community Fitbay.. Christian was most recently Chief Operating Officer at Vivino. And Andreas was most recently CTO at Rainmaking Venture Studio.
Key Quotes:
“Up-to-date org charts can be useful for everything from recruiting to sales, but they are difficult and time-consuming to piece together. The Org is making this valuable information easily accessible in a way we were never able to do at LinkedIn.”
– Keith Rabois, Partner at Founders Fund (Raboi used to work at LinkedIn)
“Today, information about teams is unstructured, scattered, and unverified, making it hard for employees and recruiters to understand organizational structures. The Org’s platform allows companies to be more transparent and attract the best talent, and we believe they can become the dominant place for people to share and consume team information.”
– Roelof Botha, Partner at Sequoia Capital
“Organizational charts were the secret weapon to forging partnerships during my 20 years as an entrepreneur in Silicon Valley and Europe. Yet, they are a carefully guarded secret, which have to be painstakingly put together by hand. The Org is surfacing this critical information, improving efficiency from the sales floor to the boardroom.”
– Lars Fjeldsoe-Nielsen, General Partner at Balderton Capital
“We’re very excited to partner with Founders Fund, Sequoia, and Balderton to achieve our mission to make organizations more transparent.”
– Christian Wylonis, CEO & Co-Founder of The Org
