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Kadence Analysis: $20M Raised

What is Kadence?

Kadence provides a platform for managing workplace operations, focusing on space management, employee engagement, and hybrid work coordination. The platform offers tools for optimizing real estate usage and enhancing workplace experiences through data-driven insights. Kadence serves a diverse range of organizations, helping them adapt to modern workplace needs.
Employees
11-50
Founded
1991
Industry
Hrtech, PropTech, Data Analytics
Valuation
$1.2M
Latest Funding Amount
$20,000,000
Latest Funding Round Size
$20.0M

Product Features & Capabilities

  • Space Management
  • Workplace Analytics
  • Workplace Occupancy
  • Visitor Management
  • Desk Booking
  • Room Scheduling
  • Team Coordination
  • AI Assistants

How much Kadence raised

Funding Round - $20.0M

Recent

Other Considerations

Serves over 300,000 users globally; Manages more than 1 million square feet of office space; Recognized for helping companies achieve significant real estate savings; Partnerships with major collaboration tools like Microsoft Teams and Slack

Gtm Strategy

Kadence employs a hybrid go-to-market (GTM) strategy that combines elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing Kadence's website, several key aspects of their GTM strategy emerged. The homepage prominently features a "Book Demo" button, indicating a focus on engaging potential customers through scheduled demonstrations rather than immediate self-service signups. This suggests a sales-led approach, as it encourages interaction with sales representatives to understand the product better.

The pricing page requires users to request a quote, which indicates a lack of transparent pricing and suggests that Kadence is oriented towards enterprise deals rather than small team adoption. This aligns with a sales-led strategy, as it typically involves more complex sales cycles and negotiations.

Customer testimonials on the site highlight the effectiveness of Kadence's platform, with success stories that suggest structured enterprise sales cycles rather than viral adoption from individual users. This further supports the notion of a sales-led approach.

However, Kadence also invests in educational resources, such as case studies and articles in the "Future of Work" section, which can facilitate self-service learning and indicate a product-led growth aspect. This combination of resources suggests that while they are primarily sales-led, they also recognize the importance of providing value and education to potential users.

Overall, Kadence's strategy reflects a balance between high-touch sales relationships and providing resources that can lead to user adoption, indicating a hybrid model that caters to both enterprise clients and individual users seeking to optimize workplace operations.

Homepage Pricing

Kadence offers two main pricing plans: the Standard plan at **$4 USD per active user per month**, which includes essential features for hybrid workplaces, and a customized Enterprise plan that requires direct contact for pricing. There are no free tiers available. The pricing structure is based on active users, meaning charges apply only for users who make bookings within a month. This approach is described as a "fair billing method" that charges only for actual usage.

Reported Clients

Kadence has reported several notable clients on their website, including Karger and MOO. Karger achieved significant real estate savings through effective space planning, with their Head of Digital Landscape emphasizing the necessity of Kadence's data for making informed space decisions. MOO aimed to enhance office utilization to 70% to foster an in-person culture, with their Head of People Operations highlighting Kadence's role in promoting creativity, collaboration, conversation, and connection within the workplace.

Tech Stack

Kadence employs a diverse technology ecosystem that includes both engineering and sales technologies. **Engineering Technologies:**

  • Programming Languages: The Full Stack Engineer position mentions several programming languages, including:
  • Databases: MySQL (Aurora DB), Redis (ElastiCache), and MongoDB (AWS DocumentDB).
  • Cloud & DevOps: The engineering roles highlight the use of AWS (20+ services), Kubernetes (EKS), Docker, and Infrastructure as Code tools like CloudFormation and Terraform. CI/CD tools mentioned include Jenkins and GitHub Actions.
  • CRM Tools: The Customer Success Manager and Senior Customer Success Manager positions mention the use of CRM and customer success platforms, specifically HubSpot and Salesforce.
  • Analytics: The roles emphasize the use of data and analytics for decision-making and workflow optimizations.
  • Support Tools: The Customer Support Manager role mentions tools like Google Workspace, Microsoft Office, and ticketing systems such as JIRA, Front, and Zendesk.

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