Growth Funds for Employee Feedback Firm Culture Amp

In the US, employee engagement, retention and performance specialist Culture Amp has raised $82m in a Series E round of funding, which it will use for global expansion.

From offices in Melbourne, San Francisco, London and New York, Culture Amp provides a platform which is used to collect, understand and act on employee feedback, and has so far amassed collective intelligence from more than three million employee surveys. Last month, it launched a prediction engine which forecasts employee performance and turnover risk, and earlier in the year it acquired Zugata, which uses data to understand employees and then help them reach their potential.

Culture Amp's new funding round was led by Sequoia Capital China, with participation from existing investors Sapphire Ventures, Felicis Ventures, Index Ventures, Blackbird Ventures, Hostplus, Skip Capital and Grok Ventures, as well as new investors Global Founders Capital and TDM Growth Partners. The latest financing brings the total raised to date to more than $158m, and will be used to expand across the EMEA, Latin America and Asia regions.

Culture Amp CEO and co-founder Didier Elzinga (pictured) comments: 'This round of funding will help us to continue to deliver on our mission of building a better world of work by getting our platform into the hands of more people, and more leaders, who believe that culture is the biggest lever that you have to be successful'.

Web site: www.cultureamp.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.