Cleveland-based venture development organization, JumpStart Inc. said it has made an investment in a human resources software-as-a-service company based in Cincinnati.
Terms of the investment in Talmetrix, made from JumpStart’s $10 million Focus Fund, were not disclosed. The JumpStart website indicates that investments from the Focus Fund “start at $250,000 for early stage companies,” and a Fast Company story last year noted that investments from it range from “$250,000 to $600,000 depending on the company’s needs.”
JumpStart said in the release that Talmetrix “turns HR metrics into actionable data to boost business results.” The Cincinnati company “helps employers measure and improve the employee experience, and then integrates workforce insights with HR data that’s often kept separate, such as payroll data, training records and performance reviews,” according to JumpStart.
Talmetrix CEO Chris Powell said in the release that the JumpStart investment “will help us ramp up our sales efforts and continue growing our company right here in Ohio.” The company has 13 employees.
Read the full story in Crain’s Cleveland Business.