We wrote about Impraise, back in June 2018, when the Dutch HR-tech scaleup secured an investment of $10.6 million in Series A funding. Now the Amsterdam-based company is in news again! Recently an anonymous tipster informed Silicon Canals, that Impraise laid off a lot of staff last week. When we contacted the Founder & CEO, Bas Kohnke, he confirmed, “ they took the decision to let go of 5 team members in the Netherlands as part of a restructuring in order to grow smarter and faster.”
Bas Kohnke further added, ” We understand this is a difficult time for those impacted, and as a company, we focus on people enablement, we have been mindful to treat them with respect and fairness. Especially as it relates to their legal rights and support finding new opportunities.”
Moreover, Bas Kohnke further explained the same as the decision to restructure his team was not a financial one but a strategic one that enables them to stay focused on growth, speed, and agility.
Bas added, “While it is always hard to let people, go, we believe this new structure sets us up to do this. As this relates to our recent Series A funding, we wanted to ensure our investment is utilised in the smartest way possible as is often the case with many startups.”
“Moving forward we will accelerate the speed at which we continue to deliver a strong product, support our customers, and demonstrate value in the market.” Notably, the company raised $10.6 million in Series A funding led by Keen Venture Partners (KEEN) with participation from existing investor, HenQ.
What Impraise is all about?
For the uninitiated, Impraise is a people enablement platform that makes performance and development initiatives meaningful for people, actionable for managers, and easy for HR.
Talking about the new strategy for the coming year and beyond, Bas said, “the company is introducing a series of goal-related updates this quarter. The updates will focus on making it easier for teams to manage their goals with better tracking, more transparency, and facilitating more meaningful interactions between managers and direct reports.”
Below is the list of improvements the company had made to the platform with this update.
#1 Pursue your goal in the activity feed.
Goals in Impraise, now have an activity feed that displays any goal-related changes. When a goal is edited, changes are listed in the activity feed and can be viewed by anyone with access to the goal.
#2 Notes on goals
Keeps colleagues and your manager up to date on your progress and your goals. Goal owners can now leave notes in the goal activity feed to share status updates, progress and context.
#3 Update goal status
Goal owners and their managers can change the status of a goal to either “on track” or “revisit.”Goal owners can leave a note to provide additional context and clarity on the status update.
#4 Request 1:1s
Individuals can now request a 1:1 with their manager directly from a goal, a review report, or their manager’s profile page. Moreover, they can also request a 1:1 to further discuss a topic, timeline, or progress.
Stay tuned to Silicon Canals for more updates in the tech startup world.