Home / Articles / eqtble, a platform that uses data analytics to create healthier workplaces, raises $2.7M seed

eqtble, a platform that uses data analytics to create healthier workplaces, raises $2.7M seed

“People are the backbone of any organization. People are more important than the product. Without people, you don’t have a product,” says Joseph Ifiegbu, who is Snap’s former head of human resources technology and also previous lead of WeWork’s People Analytics team. Ifiegbu’s startup, called eqtbl…

  • Posted on 31st Aug, 2021 08:52 AM
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eqtble, a platform that uses data analytics to create healthier workplaces, raises $2.7M seed Image

A composite photo of eqtble founders Ethan Veres, Gabe Horwitz and Joseph Ifiegbu

The eqtble founders (from l to r): Ethan Veres, Gabe Horwitz and Joseph Ifiegbu. (Image: eqtble)

“People are the backbone of any organization. People are more important than the product. Without people, you don’t have a product,” says Joseph Ifiegbu, who is Snap’s former head of human resources technology and also previous lead of WeWork’s People Analytics team.

Ifiegbu’s startup, called eqtble, wants to give HR teams the same kind of detailed analytics that product, sales and marketing departments have had for a long time, with the goal of creating more engaged and inclusive workplaces. The company, a Y Combinator alum, announced today it has raised $2.7 million in seed funding, led by Initialized Capital, with participation from SB Opportunity Fund, RS Ventures and other venture capital firms and angel investors.

Ifiegbu joined WeWork’s People Analytics team in 2017, when the company had a total of about 2,000 employees. By the time he left in 2020, that number had grown to 15,000 people. One of Ifiegbu’s first hires at WeWork was Gabe Horwitz, the first data scientist on the People Analytics team and now eqtble’s co-founder and chief product officer. The startup’s third co-founder and chief technology officer is Ethan Veres.

At many companies, especially ones that are growing quickly, workforce data is scattered across different HR software, including human resources information systems (HRIS), engagement platforms, benefit programs and employee surveys.

Because information is so fragmented, companies can miss important correlations. For example, they might not see the links between why top employees are quitting and how long it typically takes to promote people, or overlook pay inequality. This in turn impacts a company’s culture, including its approach to diversity, equity and inclusion, and ability to retain talented people.

eqtble, a platform that uses data analytics to create healthier workplaces, raises $2.7M seed View Story