Startup The Org, the platform where you can explore any company’s organisational chart, has completed a €7.8 million Series A round, led by Founders Fund and with participation from Sequoia Capital, Balderton Capital, plus a number of high profile angels. It will use the funds to expand its platform and create a complementary jobs board.
The Org was founded by Danish serial entrepreneurs in 2017, and has offices in both Copenhagen and New York. It aims to increase the transparency of today’s organisations by creating an open-source platform that makes organisational charts widely available, and become the one-stop-shop that rivals companies like LinkedIn or Dealroom. Today, it has a growing database of over 16,000 charts provided through a combination of research and crowdsourcing. Additionally, users can view their own company’s chart and make edits by verifying their company email address.
As part of the financing, Keith Rabois, Partner at Founders Fund, who was previously Vice President of Business and Corporate Development at LinkedIn, will join The Org’s board of directors.
“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,” said Keith Rabois, Partner at Founders Fund.
“Today, information about teams is unstructured, scattered, and unverified, making it hard for employees and recruiters to understand organisational structures,” said Roelof Botha, Partner at Sequoia Capital. “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.”
This funding will accelerate the company’s already fast growth, enabling it to expand its growth and research teams, and accelerate its product development. As a complementary feature to its company team pages, The Org plans to launch a jobs platform in 2020. It is 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.
“Organisational 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,” said Lars Fjeldsoe-Nielsen, General Partner at Balderton Capital.
