Chronus raised $78M led by Level Equity

The Washington-based maker of mentoring software, Chronus recently raised a hefty amount of $78 million in new funding round. The company provides digital tools that are aimed at helping businesses execute development programs for employees to mentor and coach them. chronus 78m equitydeppengeekwire. The funding round of investment was led by New York and San Francisco based Level Equity.

Chronus plans on expanding its platform as hybrid work becomes more mainstream. Especially, post-Covid pandemic, the demand for its product has accelerated. chronus 78m level equitydeppengeekwire. Chronus platform integrates with workforce tech like Microsoft Teams, Slack and Zoom. It even hosts its own in-platform video conferencing known as Virtual Meet. Not just this, it even helps businesses with training programs on retention, talent development and diversity, equity as well as inclusion. 78m level equitydeppengeekwire.

Post-covid, the market in this genre has flooded. However, what sets Chronus apart from competitors is its DEI capabilities. It’s a platform that can be configured and scaled depending on the need of an organization needs and offers robust analytics. CEO Seena Mortazavi stated that the fresh funding will be used to invest more in the platform, expand sales and marketing teams and add more employees.

Chronus was founded in the year 2007 and employs around 85 people, with 35 in the U.S. and 50 in India. As per Mortazavi, the company reached record-setting revenue in three out of the last four quarters.