Sparks Corporation - A SparksLab Global Venture Invests in Good.co and Zanbato
SparkLabs Global
Invests in Good.co, Its First Company in the HCM (Human Capital Management)
Tech Space, and Zanbato, a Platform for Alternative Asset Classes Co-Founded by
Joe Lonsdale
PALO ALTO, CA--(Marketwired -
"I'm excited to be part of
SparkLabs Global because the depth of their experiences and global reach. The
timing for a such a seed-stage fund is ideal because of how rapidly innovation
and great companies are being founded throughout the world, and many are
looking for help to cross the Pacific and Atlantic which this team excels
at," explained John Pleasants.
The global seed-stage fund additionally
announced their first investment in the HCM (human capital management) tech
space, Good.co, which seeks to fix hiring with user-driven analytics that
measure culture-fit. The company raised $1.45 million from Norwest, SparkLabs
Global Ventures and other venture capital funds.
The company is taking a provocative,
consumer-first approach by building the world's largest culture graph of talent
and companies through user-driven data. Their playful experience is powered by
a scientifically-valid and self-learning algorithm that takes 90% less time
compared to traditional assessments. Good.co's social features have fueled
rapid collection of data-assets on users' personalities, peers, teams, and
workplaces -- allowing the company to create a more efficient co-selection
process. Gartner estimates the HCM market to hit $8.3 billion in 2014 and $8.8
billion in 2015.
"We love Good.co's product and the
need in the market it seeks fill by providing culture-driven analytics for
companies and provides tools to help people find the best fit for their
careers. Before, company culture was a known but intangible factor towards the
growth and success of a company. Good.co makes culture more tangible and
executives more confident that they can built a successful company
environment," stated Bernard Moon, General Partner at SparkLabs Global.
SparkLabs Global Ventures also recently
invested in Zanbato, a platform that supports marketplaces, private clubs of
investors, and independent wealth managers playing in the Alternative Asset
Classes. The company was co-founded by Joe Lonsdale (co-founder of Palantir
Technologies), Nico Sand, Dan Settel, and Kevin Leung.
"SparkLabs Global is a big believer
in FinTech and we are excited about helping Zanbato continue on its path to
become the platform for alternative investment activities. We love their vision
and the team," stated Frank Meehan, General Partner at SparkLabs Global.
About SparkLabs Global Ventures
SparkLabs Global Ventures is a new
seed-stage investment fund. We believe business is now truly global, but most
investors are not. Exceptional entrepreneurs that are building strong, category
defining companies can be found anywhere. SparkLabs Global is a team of highly
experienced entrepreneurs and operators based in London, Tel Aviv, Seoul,
Singapore and Palo Alto, CA that will focus on helping our entrepreneurs to
develop, grow, network, and scale into other markets throughout the world. For more
information, please visit www.sparklabsglobal.com
Contact:
Bernard Moon
Co-founder & General Partner
+1-650-454-5244
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