1 week Ago
Irish-founded tech start-up Dosen has raised $2.3m (€2m) for its platform that aims to put an end to ‘quiet quitting’. Quiet quitting is a phenomenon where overwhelmed employees are psychologically detached from their jobs and do the bare minimum required to get by.
The round of funding exceeded the company’s initial target, said Ronan Wall, one of the company’s three Irish co-founders. “We’re thrilled by the overwhelming support we’ve received, exceeding our initial round size by 50pc,” said Mr Wall. “Dosen is designed specifically to help HR teams and senior leaders solve the biggest challenge they face right now, underperformance or loss of their top talent.
“This investment allows us to reach more people and companies and put an end to the trend of quiet quitting.” Dosen uses AI to help senior leadership and HR of companies build employee feedback into their structure – it develops learning programmes about the business’s values based on the needs of individual employees. It has found that 60pc of employees choose to quiet quit or lose interest in their jobs as they are not aware of their employer’s goals.
Mr Wall explained that organisations with over 100 employees have been dealing with performance challenges, especially after more businesses moved to the hybrid model of work. It said: “With 65pc of people now working remotely, traditional methods of ensuring workplace alignment and performance are failing. The annual cost of this underperformance to US businesses alone is $500bn.
” Led by US-based Affinity Ventures, the investment was made by Unshackled Ventures and Fuel Ventures. The company said the new funding will be used to continue its expansion and to scale product development, build the company’s teams and to spread more into the market. “This pre-seed round validates our mission to redefine workplace learning.
By automating the personalisation of training at scale, we’re excited to make a significant impact for organisations and the people within them,” said co-founder Victor Burke. Dosen has an all-Irish team based in Los Angeles which it plans to expand further over the next few years. “The most exciting thing about Dosen is that the product is in its infancy and we see a huge opportunity to advance it further, driving even greater levels of employee purpose and company performance after this round,” said co-founder Cian McCarthy.
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