Dallas HR Software Firm Young Leader Raises $ 10 Million Series A ”Dallas Breaks New Ground

A fast-growing local software company that aims to help organizations develop their own leaders has closed a $ 10 million Series A funding round led by tech investment firm Bedrock.

The Plano-based company, aptly named Leadr, was just launched in June 2019 to equip managers with the necessary tools to develop, hire and lead high-performance teams. Essentially, every manager becomes a coach and every employee has a voice.

Its human resource development technology is aimed at developing people at all levels to ultimately drive sustained and measurable employee growth. Leadr’s model is based on the weekly one-on-one meeting, as the team considers “the most impactful development tool a manager has” because it is “confirmed to foster the relationships that create habits “.

This approach is new to the human resources market, according to co-founder and CEO Matt Tresidder. On Leadr’s website, he explains that the right people development software could change an organization’s culture by engaging with the 90 percent of staff who are harder to reach.

He asks the question, “What will you be able to accomplish as each of your employees grows up?”

That’s why Tresidder and his team of roughly 35 full-time hybrid workers are on a mission to bridge the leadership gap. Armed with the intent to disrupt traditional HR models, Leadr has grown to over 340 customers and over 5,000 monthly active users since its inception.

The current objective is to develop 1 million leaders.

“The Leadr team has made incredible progress over the past 12 months despite the difficult circumstances facing all businesses around the world,” Leadr Executive Chairman Chris Heaslip said in a statement. “We’ve gone from zero customers a year ago to over 340 organizations today, showing that organizations are looking to invest and grow their people, and Leadr is helping them do that. “

According to Leadr, its rapid growth and differentiated approach to people management continues to impress investors.

The new capital will be used to add more functionality and benefits to the software. Tresidder said it provides the opportunity to further develop Leadr’s product, sales and customer success teams.

In addition to Bedrock, Series A included funding from friends and family, including Heaslip, Intuit revenue director Bobby Morrison, and Pushpay co-founder Eliot Crowther.

“From the initial onboarding process to ongoing one-on-one meetings, our goal is to help leaders create new habits and rhythms to engage and develop every employee,” said Tresidder. “We plan to continue our expansion in human resources software by offering additional benefits such as CoreHR and health plans so that leaders can take better care of their team. “

The Bedrock team also has a close relationship with Leadr. Managing partner Geoff Lewis, who created Bedrock after spending five years at Founders Fund, previously worked with Heaslip on various other companies.

“People’s development has never been more critical, and Leadr’s revolutionary software is transforming space,” Lewis said in a statement. “We look forward to supporting their growth over the next few years. “

Bedrock, which has around $ 1 billion in assets under management, backs “bold tech companies that challenge today’s narratives.” Its recent investments include Vercel, Workwise, Plaid, Check and Cameo. He was also an early investor in pioneers like Lyft, Canva, Nubank, and Upstart.

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