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.