The oversubscribed funding round exceeded its goal by 50pc, the company co-founder said.
Irish-founded HR tech start-up Dosen has raised $2.3m in an oversubscribed pre-seed funding round, led by Affinity Ventures, with participation from Unshackled Ventures and Fuel Ventures.
With the infusion, the Los Angeles-based start-up plans to continue its expansion, enabling it to accelerate product development, scale its team and deepen market penetration.
Dosen helps businesses retain talent while driving performance. The start-up’s artificial intelligence-enabled platform aims to align employee development with organisational goals, addressing what it calls the “quiet quitting” epidemic.
According to Dosen, 60pc of employees are “psychologically detached” from their jobs. A detachment, which according to the start-up, costs businesses $500bn annually.
To address this, Dosen’s B2B SaaS platform offers clients AI-generated corporate training and connects senior leadership with employees through mentorship programmes.
It combines company and employee aims to create organisationally aligned training. To that effect, Dosen is also building an “employee career pathway agent”.
Dosen was founded in 2020 by Irish businessmen Ronan Wall, Victor Burke and Cian McCarthy.
Wall, the company’s CEO, spent four years at Ticketmaster in senior managerial positions, while Burke, a former Fair City actor, previously co-founded Wilde Irish gin.
McCarthy also has entrepreneurial experience – having founded Pina Gold and co-founded Base Influence prior to establishing Dosen.
“We’re thrilled by the overwhelming support we’ve received, exceeding our initial round size by 50pc,” said Wall.
“Dosen is designed specifically to help HR teams and senior leaders solve the biggest challenge they face right now, underperformance or loss of their top talent.”
McCarthy, Dosen’s chief operating officer, said: “The most exciting thing about Dosen is that the product is in its infancy and we see a huge opportunity to advance it further, driving even greater levels of employee purpose and company performance after this round.”
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