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Yardstik secures $30M Series B from Harbert Growth Partners, boosting total funding to $65M

Yardstik, a workforce monitoring technology provider, closed a $30 million Series B round led by Harbert Growth Partners, bringing its total funding to $65 million.

WHY IT MATTERS

The Series B investment reflects continued investor confidence in the workforce monitoring sector. It provides Yardstik with additional capital to sustain and potentially expand its operations.

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The three things worth knowing

01

Yardstik raised a $30 million Series B funding round led by Harbert Growth Partners.

02

The round brings Yardstik's total funding to $65 million.

03

Yardstik provides workforce monitoring technology that tracks employees for potential fraudulent action.

THE READ

What the cluster adds up to.

ORIGINAL ANALYSIS

Yardstik announced a $30 million Series B financing round led by Harbert Growth Partners, increasing its cumulative funding to $65 million. The investment was disclosed by Mike Wheatley of SiliconANGLE and reported via Techmeme. This round follows the company's earlier funding and marks a new stage in its financing history.

The announcement does not include any details about pricing, subscription fees, or cost changes for customers adopting Yardstik's workforce monitoring platform. Consequently, the financial impact on adopters from this funding event cannot be determined from the provided information. The material focuses solely on the financing transaction and does not discuss pricing models or cost structures.

The disclosure does not mention any specific use-case limitations, integration challenges, or performance thresholds. It also does not describe any known failure modes or conditions under which the monitoring alerts might be unreliable. As a result, any assessment of where the technology stops working would require information beyond what is provided.

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Techmeme Minneapolis-based Yardstik, a provider of workforce monitoring tech, raised a $30M Series B led by Harbert Growth Partners, taking its total funding to $65M (Mike Wheatley/SiliconANGLE) Open ↗