Bellevue-based labor analytics tool Easy Metrics has landed $31 million from Nexa Equity, a private equity firm based in San Francisco.
The companies announced the funding Tuesday, adding that the money will help with product development and acquisitions. The investment comes after Nexa Equity raised a $330 million fund last year.
“Our vision is to unlock the power of workflow data for supply chain operations so customers can strategically use it to drive operational excellence and profitability," Easy Metrics co-founder and CEO Dean Dorcas said in a news release. "Nexa Equity is a partner that has the expertise, resources, and shared vision to achieve our long-term goals.”
Easy Metrics was founded in 2012, according to its LinkedIn page. The company works with warehouses and manufacturers to track productivity, missing time and overtime costs, among other data. Easy Metrics allows clients to see the cost for every employee labor action and how costs vary by employee or shift.
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According to Easy Metrics, the company has more than 50 customers and serves over 250 warehouses.
Dorcas and fellow co-founder Dan Keto, also the company's chief technology officer, both graduated from the U.S. Naval Academy in 1991, according to their LinkedIn pages, and also both graduated from Harvard Business School in 2001.
Nexa Equity was founded in 2021, according to its LinkedIn page. The firm manages more than $350 million in capital. Its portfolio includes the towing and parking enforcement tool Autura and the payments platform Vendara. Vlad Besprozvany, Nexa Equity's founder and managing partner, previously worked at both Greater Sum Ventures and Insight Partners.
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