Culture Amp Employee Experience Platform Raises $100mn

The funding takes it well above the tech unicorn threshold at a $1.5bn valuation

2
Culture Amp Employee Experience Platform Raises $100mn
Voice of the Customer

Published: August 2, 2021

William Smith

Employee experience platform Culture Amp has announced its latest round of funding. 

The company’s offering incorporates employee engagement and performance management, driving insights and suggested actions for employees. 

Utilising behavioural science and data analytics, its platform is designed to boost engagement, development, performance and retention, including employee surveys, conversations, goal tracking and development reviews. 

The company’s latest $100mn Series F funding round was led by TDM Growth Partners and Sequioa Capital China, alongside new investor Salesforce Ventures and existing backers Felicis Ventures, Blackbird Ventures, Index Ventures, Sapphire Ventures, Skip Capital, Grok Ventures and Global Founders Capital. 

“With this strategic round of funding, we will empower more organisations and people leaders to unlock the power of humanity at work, as the industry’s single most trusted place for all of their employee experience needs,” said Didier Elzinga, CEO and co-founder of Culture Amp. “The successful companies of today, and tomorrow, are laser focused on delivering a better employee experience to drive business performance.” 

Culture Amp framed its success as in part being down to the disruption of the COVID-19 pandemic and the associated uptake of hybrid and remote work – requiring rapid change in the ways companies manage the employee experience.  

“Organisations are living in a world of unprecedented change, and the last 12 months have only accelerated this. We have seen first hand the power that Culture Amp’s unrivalled data set and unique insights can have inside boardrooms globally, and we expect this only to amplify in coming years,” said Hamish Corlett, co-founder of TDM Growth Partners. 

“Culture Amp has enabled over 4,000 organisations to embrace our core belief as investors that people and culture are fundamental to driving long term competitive advantage and success. We will look back in the decades to come and see it was these businesses that were early adopters in understanding this.” 

Culture Amp said its solution is currently used by 4,000 companies worldwide and their 25mn employees – including the likes of Salesforce, Unilever and PwC. 

Rob Keith, Head of Australia, Salesforce Ventures said: “Culture Amp is the clear leader in employee experience, and as a customer for many years we’ve seen first hand the power of the Culture Amp platform to drive meaningful change in the workplace. We seek to invest in the most innovative cloud companies and founders, solving the world’s most pressing challenges globally – Culture Amp is at the forefront of driving positive behaviour change at work and we look forward to contributing to the company’s continued growth and success.”

 

 

Digital Transformationhybrid workUser Experience
Featured

Share This Post