Performance management SaaS startup Mesh raises $11M in Series A Funding

Mesh, a performance management firm, announced on Wednesday that it had raised $11 million in Series A funding from RTP Global.

According to the official release, the new funds will be used to help Mesh focus on establishing a global team in order to expand further in the US and APAC regions.

Since its inception in 2020, the HRtech business co-founded by Gaurav Chaubey, Saurabh Nangia, and Rahul Singh has seen a 16x increase in sales.

Gaurav Chaubey, Co-founder and CRO, Mesh, said, “Mesh helps modern companies scale a culture of real time performance and growth conversations across peers, managers and teams. Our vision is to enable 30 million people to achieve their full potential at work by 2030.”

The US and Gurugram-based platform continues to manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy, and others. Prior to raising Series A, Mesh had raised a seed funding of $5.1 million in 2021.

The startup makes it easy for employees to manage goals, share feedback, and run one-on-ones. Companies globally are forced to administer traditional performance reviews that rely heavily on top-down feedback. Mesh kills this unhelpful process by enabling transparency around goals, continuous feedback, and coaching conversations.

Saurabh Nangia, Co-founder and CEO, Mesh, added, “We are delighted with the consistent support and appreciation we have received from our investors and early customers. Last year, we solved for the key unmet needs of our customers. This year we’re excited to double down on enhancing user love and expanding further in global markets. We’re building a truly multi-generational company that will continue to reimagine how people perform and grow in the ever-changing future of work.

The company has grown to a staff of around 50 people scattered across four continents. Mesh’s key values, L.O.V.E. – act with Love, nurture Openness, drive Velocity, and think Exponential, are supposed to guide all decisions and actions, in addition to benefits and offerings such as stock ownership, unlimited and no questions asked time off, learning allowances, and so on.

With a multi-layered tech stack, the company has risen to prominence across industries in Southeast Asia and the United States, with aspirations to develop further in APAC and the United States.

Last year, we backed Mesh based on the strength and the vision of the team. Since then, the team has executed really well to not only onboard stellar customers but also delight users. Leading this round was a no-brainer for us and we are thrilled for this continued partnership as Mesh builds a distinctive brand around the future of work,” stated Madhur Makkar, RTP Global.

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