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© 2015, South Central Ventures

Orgnostic team raised $900k in a pre-seed investment round from 122 West Ventures, South Central Ventures and others

Orgnostic Co-Founders Igor Bogicevic CTO and Luka Babic CEO

Orgnostic is the human capital analytics platform for startups on a mission to enable leaders across the globe to build better businesses with the help of organizational data and expertise.

The company raised a pre-seed round in the amount of $900k. The round is led by 122 West Ventures (San Francisco), including the most prominent SEE venture capital fund South Central Ventures (Belgrade, Zagreb, Skopje), and a group of high-profile angel investors gathered around LTSE Software CEO and founder of Serbian Entrepreneurs network, Tihomir Bajic. The investment is meant to strengthen the team and help introduce the solution to even more potential clients in the target market.

»We are proud and happy to share that only a few months after our soft launch, Orgnostic team raised $900k in a pre-seed investment round. It will allow us to expand our team and deliver on our product roadmap more efficiently. That being said, the funding gives us an opportunity to make it easier for scaleups to embark on their people analytics journey. We want as many companies as possible to make data-driven people decisions seamlessly. We will do that by significantly lowering the field’s high barrier to entry, « says Luka Babic, CEO and Founder of Orgnostic.

Luka continues with an explanation of the additional motivation behind joining efforts with VCs: “This fundraising round is not just about the money. Coming from a professional background in people ops, to me, it felt like a recruitment gig. Igor and I wanted to partner with VCs and angels who are hands-on and operationally involved with startups. We attempted to gather a band to bolster our product and business development efforts in our target market. We were looking for people to fill our competency gaps.

To emphasize just one of the advantages, the new partnership with South Central Ventures will enable the team access to the knowledge and connections in South-East Europe startup community with their vast collective experience and networks in HR consultancy and Private Equity space.

»We are impressed with the Orgnostic’s founders capabilities as well as with their momentum in the market. What Luka, Igor, and the team have developed over the last year is hugely remarkable, and we’re excited to be working together with them, and other investors. With this investment, South Central Ventures is continuing the mission to back ambitious founders in the region and support them in achieving global scale, « says Pedja Predin, Investment Manager at South Central Ventures. 

About Orgnostic

Orgnostic aims to reshape the way human capital data is collected, interpreted, and consumed. The team builds a platform that primarily helps scale-ups jumpstart their people analytics and make crucial organizational development decisions based on data. With Orgnostic, you can ask and answer a range of questions regarding your org. processes, team effectiveness, culture, and leadership, and connect them to your business strategy delivery. Orgnostic founders are Igor Bogicevic (ex. CTO and co-founder @Seven Bridges) and Luka Babic (ex. Harvard and CHRO @Infobip).