Craft Ventures leads $6.9m round for Pando

Pando, a career development platform, has raised $6.9 million in funding.

Pando, a career development platform, has raised $6.9 million in funding. Craft Ventures led the round.


San Francisco, CA. Apr. 29, 2022 – Pando, the first just-in-time career progression platform, announced it has raised a total of $6.9 million led by Craft Ventures with participation from Lerer Hippeau, GFC, Correlation Ventures, and additional strategic investors including Jane Alexander CMO at Carta, Ashkay Kothari COO at Notion, and Des Traynor Co-founder at Intercom. The new funds will be used to expand the engineering team and to build out the go-to-market function to drive customer acquisition.

The HR tech market is booming, with more than 12.1 million employers in the U.S. alone spending over $5 trillion on tech applications such as payroll, benefits and training. Yet even with all the software and services being provided to attract, hire, train, and retain employees, there is still one significant missing piece in the HR tech stack: career progression.

In addition to the rapid shift to remote and hybrid work brought on by the pandemic, today’s business environment is still marked with the Great Resignation as well as the societal injustices resulting in employees demanding equity in pay and promotions. It’s not just about career progression, it’s about fair progression for all employees. That means more structure and transparency–and less politics and bais.

“Performance bell curves, the lack of structure, real-time calibration, and data resulting in the black box which was employee promotions frustrated me for years” says Barbra Gago, Founder and CEO at Pando. “It was this, coupled with my desire to bring agility to HR and democratize professional success, that Pando – the first and only career progression platform – was born.”

Pando was created to address the universal need for building and scaling fair career progression–leveling the playing field for all employees. Pando brings accountability, transparency, and structure so employees can continuously progress, have a greater impact over time, and stay at the company longer, and stay at the company longer knowing they have a path.

With Pando, companies are now equipped with the tools they need to create individualized, fulfilling career progression plans contextualized through levels and competencies which empower employees to actually achieve the path they want while having the right impact on the business.