A leader in the people and leadership development software sector, Saberr, has announced that it has comfortably exceeded targets in its recent crowdfunding round.
Commenting on the success of its crowdfunding campaign, company founder, Alistair Shepherd, said: “Flying through our £350K funding target like this is a fantastic endorsement of both the strength and vitality of the current HR tech sector and, of course, of the Saberr vision, innovation and product. We’re thrilled by this support and will now be in an even stronger position to develop faster within the $220 billion L&D marketplace.”
Saberr was founded in 2013 after Alistair studied start-up team failure at Harvard. Surprisingly, 65% of failures were attributed to team dynamics and this was the inspiration behind Saberr; to help teams work well together.
Saberr spent its first few years developing and selling Saberr Base, a culture profiling tool, and, in that time, saw businesses moving to remote and agile work and learning budgets shifting online. There was a gap for a digital, bite-sized coaching tool and in 2017 CoachBot was born.
Saberr’s award winning software, CoachBot, delivers scalable leadership development for entry-mid level managers and helps them create happier, healthier and higher performing teams. Designed to help companies of every size provide leadership development to managers – even if they’re remote workers – it makes meetings easier to manage and provides data to analyse performance at a company level. Clients have reported a 22% performance improvement, a 43% improvement in psychological safety and a 12% increase in employee engagement within six months of using the innovative tool.
Commenting on its investment, the Angel CoFund said: “As one of the most active late seed investors in the UK we get to see a lot of businesses but rarely do we come across founders who have developed products with the potential to be as fundamentally transformative to the workplace as Saberr. The truly insightful behavioural analytics that sit within the Saberr platform demystifies the way teams really operate, taking the guesswork out of team composition and unlocking the potential to deliver consistent out performance. Enabling more informed leadership to harness talent and drive motivation. It is their mission to make work, quite simply, work better that led us to invest.”