WFHomie (Acquired by GoCo)

Overview
News

WFHomie was an employee experience and people analytics platform built for remote-first companies. Founded in 2020, WFHomie aimed to leverage new datasets related to remote and flexible work to provide actionable employee engagement insights for companies. The platform offered virtual experiences, team-building activities, and employee recognition software to help distributed and hybrid companies keep their workforce productive and engaged. WFHomie also provided people analytics tools to help HR teams better understand, manage, and retain employees.

The company's technology focused on automating onboarding, employee appreciation, and team-building processes. Its algorithm connected relevant people-related datasets to facilitate activities like acknowledging employee milestones and executing virtual team events. WFHomie's platform was designed to boost employee engagement, improve company culture, and provide data-driven insights on workforce management.

In February 2023, WFHomie was acquired by GoCo.io, a Houston-based provider of HR, benefits, and payroll software solutions. The acquisition aimed to expand GoCo's employee management offerings with enhanced employee experience capabilities and engagement analytics. As part of the deal, WFHomie's assets and three of its six staff members joined GoCo to accelerate product innovation in creating more engaging and data-driven workplaces.

Key customers and partnerships

WFHomie's customer base included prominent companies such as Wealthsimple, Facebook, Google, Spotify, and Indeed. The startup secured USD 1.9 million CAD in seed funding in late 2021 to fuel the growth of its employee engagement solution. Investors included venture firms and angel investors from Canada, the US, and Western Europe. WFHomie's acquisition by GoCo in February 2023 was seen as a strategic move to create an all-in-one HR platform, combining WFHomie's employee experience expertise with GoCo's core HR technology capabilities.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Toronto, ON
Founded year:
2020
Employees:
1-10
IPO status:
Private
Total funding:
USD 1.6 mn
Last Funding:
USD 1.5 mn (Seed; Dec 2021)
Last valuation:
-
Funding data are powered by Crunchbase
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