UPDATED: MAY 10, 2019
Origin Ventures, GSV AcceleraTE invest in Salt Lake City software
company building the “Future of Work.”
Mighty (formerly Neat Work), a software company that connects employees with impactful opportunities in their organization, announced it has closed seed funding led by Origin Ventures and GSV AcceleraTE, with participation from Peak Ventures and Village Global. The funding will be used for ongoing product development and to support customers during a private beta of the company’s product. Origin Ventures partner Brent Hill and GSV’s Deborah Quazzo will join Mighty’s Board of Directors.
“Employee expectations about work, career progression, and learning have evolved. At the same time, with the pace of change in today’s market, what companies need from their workforce has evolved too. We see a big opportunity to design work in a way that aligns the needs of people and the needs of organizations.” said Mighty co-founder and CEO, Brent Alvord. “People feel stuck at work and want to make a bigger impact. They feel overworked but underutilized. If organizations get this right, a new dimension of performance will open up. Mighty represents that much-needed catalyst.”
Mighty also announced the involvement of several advisors with deep ties to the Utah tech ecosystem. Aaron Skonnard of Pluralsight, David Blake of Degreed, Shaun Ritchie of WeWork (formerly Teem) and Mike Levinthal join a group of advisors to help guide the company in its early stages.
“We are excited to invest in the innovation Mighty is bringing to market.” said Origin Ventures partner Brent Hill. “With more work being done by project-oriented teams, aligning the right people with great project opportunities is a smart way to motivate, develop, and retain people. And we are happy to make another investment in the rapidly-developing Salt Lake City tech ecosystem.”
Mighty provides visibility into work happening across the organization and creates opportunities for employees to quickly form teams and contribute based on their skills, interests, and development goals. Their solution helps people maximize their impact and development by aligning the needs of employees with the needs of the organization, resulting in better innovation, productivity, and collaboration across the company.
ABOUT ORIGIN VENTURES
Origin Ventures is a venture capital firm founded in 1999 based in Chicago and Salt Lake City, primarily focused on seed and Series A equity investments in software and technology-enabled marketplace companies capable of exponential growth. Previous investments include Grubhub, Teem (acquired by WeWork), and Ahalogy (acquired by Quotient). The four partners are former operators and engineers with a combined 64+ years of venture investing experience.
ABOUT GSV ACCELERATE
GSV AcceleraTE is an early stage venture fund that partners with exceptional entrepreneurs, and their companies, in the $2 trillion global education and workforce technology sector. GSV invests in the Stars of Tomorrow, Today including Andela, Coursera, Course Hero, Degreed, Fairygodboss, Goodtime, Masterclass, Pluralsight, and Remind.