#CULTURE AMP 100M 1.5B SERIES#

Over the past year and a half, employers have dealt with two major issues: a remote workforce coping with the COVID-19 pandemic and growing calls for diversity, equity and inclusion.Ĭulture Amp saw more employers addressing DEI in surveys for example, the number of companies who asked employees questions like do they “build teams that are diverse” increased about 30% in 2020. Elzinga added that the raise also gives Culture Amp a warchest to spend on acquisitions. It is also growing in Europe, so some of its new funding will be used on its dual data centers. Culture Amp launched in Australia, and about two-thirds of its revenue comes from the United States.

#CULTURE AMP 100M 1.5B SERIES#

The company still has most of its funds from its Series E, but the new round will allow it to “work at a whole other level of scale,” Elzinga said. “I think it’s a really interesting step for the space as a whole, for an organization like Culture Amp to have made it to this level of revenue, fundraising and valuation.” “I think for a long time, the HR space and HR tech space have been viewed as not that interesting or important, but what we see now is that people are the most important thing that most companies have, so what can we do to craft their experiences,” he added.

Culture Amp recently held a virtual version of Culture First, its annual event, with over 20,000 participants.įounder and chief executive officer Didier Elzinga told TechCrunch that he sees Culture Amp’s Series F as a “validation of the HR space in general.” It also has a sizable online community where users can connect and book workshops, including ones run by diversity, equity and inclusion experts. Its clients range in size from about 20 to 30 people to more than 150,000 employees, and include Salesforce, Unilever, PwC, KIND, SoulCycle and BigCommerce.Įmployee survey startup Culture Amp closes $82M round led by Sequoia Chinaįrom its start as a survey platform, Culture Amp has grown to encompass analytics for managers, like turnover prediction and team goal tracking. New investor Salesforce Ventures, along with existing backers Felicis Ventures, Blackbird Ventures, Index Ventures, Sapphire Ventures, Skip Capital, Grok Ventures and Global Founders Capital also participated in the round.Ĭulture Amp is now used by more than 4,000 organizations with a total of 25 million employees. The round bumps Culture Amp’s valuation to $1.5 billion, more than double what it was after the company’s Series D in 2019. The company announced today it has raised $100 million in Series F funding, led by returning investors Sequoia Capital India and TDM Growth Partners. TheĬulture Amp was founded in 2009 to let companies conduct anonymous employee surveys, but since then, its focus has expanded to helping employers turn the data they collect into action. Culture Amp was founded in 2009 to let companies conduct anonymous employee surveys, but since then, its focus has expanded to helping employers turn the data they collect into action.

Culture amp 100m 1.5b