Total amount raised
$196.3 Millions
Latest funding date
September, 2019
Location
Culture Amp has successfully raised significant funding over multiple rounds, with its latest being a Series F. The platform specializes in employee experience, offering tools for engagement, performance, and development.
Keep reading to explore the intricacies of Culture Amp's fundraising journey and the investors backing this innovative platform.
What Is Culture Amp?
Founded in 2009, Culture Amp is headquartered in Melbourne, Victoria, Australia. The company was established by Didier Elzinga, Douglas English, Jon Williams, and Rod Hamilton.
Culture Amp specializes in employee analytics, offering tools for engagement, performance, and development. Their platform is designed to help organizations build high-performance cultures through data-driven insights.
With a workforce of 501-1000 employees, Culture Amp continues to grow, providing valuable solutions to over 6,500 companies worldwide.
How Much Funding Has Culture Amp Raised?
- Series A
- Amount Raised: $6.3M
- Date: March 2015
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more organizations.
- Series B
- Amount Raised: $10M
- Date: March 2016
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and scale operations.
- Series C
- Amount Raised: $20M
- Date: June 2017
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $40M
- Date: July 2018
- Lead Investors: Blackbird Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market penetration.
- Series E
- Amount Raised: A$120M
- Date: September 2019
- Lead Investors: HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and product innovation.
- Series F
- Amount Raised: $100M
- Date: July 2021
- Lead Investors: TDM Growth Partners, Sequoia Capital China
- Valuation at Round: $1.5 billion
- Motivation Behind the Round: To modernize employee engagement and performance management, and to scale operations in the U.S. and Europe.
Total Amount Raised: $176.3M
Current Valuation: $1.5 billion
Key Investors
- Blackbird Ventures
- Details: Blackbird Ventures is a venture capital firm based in Australia, known for investing in technology startups. They have a strong focus on supporting companies from the early stages through to growth.
- Investment Focus Areas: Technology startups, innovation, early-stage companies.
- Notable Investments: Canva, SafetyCulture, Zoox.
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that invests in early-stage and growth-stage companies. They are known for their diverse portfolio and focus on transformative technologies.
- Investment Focus Areas: Early-stage technology companies, growth-stage companies, transformative technologies.
- Notable Investments: Shopify, Adyen, Fitbit.
- Sequoia Capital China
- Details: Sequoia Capital China is a branch of Sequoia Capital, focusing on investments in China. They partner with daring founders to build legendary companies.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Alibaba, ByteDance, JD.com.
- TDM Growth Partners
- Details: TDM Growth Partners is a global investment firm with offices in Sydney and New York. They invest in high-growth companies with passionate management teams.
- Investment Focus Areas: High-growth companies, public and private investments, various sectors.
- Notable Investments: Twilio, Spotify, Slack.
- Salesforce Ventures
- Details: Salesforce Ventures is the global investment arm of Salesforce, focusing on enterprise technology. They invest in companies that extend the power of the Salesforce platform.
- Investment Focus Areas: Enterprise cloud companies, technology, innovation.
- Notable Investments: Zoom, Dropbox, DocuSign.
What's Next for Culture Amp?
Culture Amp stands at the cusp of significant growth opportunities. With a strong foothold in the U.S. market, the company aims to expand its services globally, enhancing its platform to support remote and hybrid work models. The potential to impact more organizations and employees worldwide is immense, given their current reach of over 4,000 organizations and 25 million employees.
Future fundraising seems promising, especially with the recent successful Series F round. As Culture Amp continues to innovate and expand, additional investments from existing and new investors are likely. However, the company will need to navigate challenges such as competition from other HR tech platforms and ensuring data privacy and security.
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