Honcho, a game changing governance software for businesses, announced that it has raised $4 million in Series A funding round led by FINTOP Capital. Other investors that participated in the funding round are top-tier investors and entrepreneurs including Peter Thiel, co-founder of PayPal, Palantir Technologies and Founders Fund.
The Company will use the funding to support the expansion of Honcho’s capabilities to include mobile platforms like WhatsApp, WeChat and iMessage, and eventually moving into mobile itself. They will also focus on aggressively hiring key team members to foster growth into new industries as well as new verticals within their existing client base.
“We promote safe workplaces for employees while preserving balance sheets and careers by preventing damaging communications from ever happening,” said Anish Parikh, CEO and founder of Honcho. “I built Honcho for large enterprise companies to easily remain compliant, ensuring companies and employees don’t incur unnecessary damage to careers or reputations as the result of an errant communication taken out of context. This round of funding will allow us to attract top talent to our business, invest heavily in our product roadmap and demonstrate how we’re here to help the world’s greatest enterprises.”
“Honcho’s software has a proven use case with some of the world’s largest companies,” said Rick Kushel, General Partner at FINTOP Capital. “This is the technology of today and it’s what corporations need in order to operate in the current climate while demonstrating best efforts and assuring a culture of compliance. We are excited to partner with Anish and his team in building a world class company.”
Founded by Anish Parikh and Evan Caron, Honcho’s software sits on each desktop, alerting the user as they are typing if a word choice can be interpreted as inappropriate or risky, allowing users to correct messages before ever leaving their inbox.
With three of the world’s 20 largest companies and four of the world’s top 10 commodities trading firms as customers, Honcho’s simple compliance and governance software puts business leaders in control of communications and helps companies protect their own reputation as well as their employees’.
–AN
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.