“This year will be the tipping point, I can feel it.” That’s what I said to my team at the start of 2015. And then again in 2016. And then again...you get the idea. But as it turns out, 2017 really was the tipping point for PeopleDoc. Looking at our year-end results, we doubled our revenue, hired 75 employees, gained 225 new customers and maintained 100% customer retention. At this stage, it looks like things should get easier. But this is exactly when it gets dangerous to lose focus.
While prepping for this year’s kick-off meetings, I thought a lot about where we’ve come from and where we are going. We recently released our 2016 business results and while I’m really proud of these results, they don’t say how we achieved these numbers. My team encouraged me to share my perspective so here are some of my thoughts on where we are and why I think we have an amazing opportunity in 2017.
I am thrilled to announce our Series C funding of $28 million led by Eurazeo, along with our historical investors Accel Partners, Alven Capital, and Kernel Investments. Eurazeo is one of the leading listed investment firms in Europe. This new funding will help accelerate our growth in the U.S. (American Express, Fast Retailing, Georgetown University and Paychex are a few of our new clients) and our revenue performance globally (we have quadruped our global revenue and have now over 400 customers).