Visual Workforce, a Richmond workforce management platform, is seeking to raise $1.5 million in venture funding, according to an October filing with the Securities and Exchange Commission.
The company provides comprehensible graphics on employee skills data for firms looking to optimize their workforce for a specific team, project or business strategy.
As of Oct. 4, Visual Workforce had raised $200,000 toward that goal, per the SEC filing. The company’s leadership did not return requests for comment. Companies sometimes don't comment on active funding raises for fear of running afoul of SEC rules.
The startup provides a library of almost 16,000 skills specific to different industries and roles, which can be assigned to different employees. That data is then processed and displayed in charts to help companies see where they have skills gaps or which employees might best complement each other. It can also be used to measure the skills of prospective employees.
Some of its customers have included Connecticut printing company Cenveo and D.C.-based charity ChildFund International, according to Visual Workforce’s website.
Visual Workforce was founded in 2017 by David Ingram, who previously founded another Richmond-based IT firm, Capital TechSearch, which specializes in staffing and recruiting. Ingram was using employee skill data tools internally at Capital TechSearch, but decided to spin it off into its own business after hearing interest in the tool from clients, Ingram told the Richmond Times-Dispatch in 2018.
The firm’s president and CEO is Bryan Bostic, who founded 2b Technology Inc., a ticketing startup that was acquired by Ticketmaster in 2000 when it was processing more than 100 million tickets annually.
Visual Workforce did not disclose its annual revenue in its SEC filing. In July 2021, it received a $100,000 grant from the Virginia Innovative Partnership Authority’s Commonwealth Commercialization Fund.
