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Employee Survey Startup Culture Amp Closes $82 Million Series E Round Led by Sequoia China

Each unhappy startup may be sad in its method; however, there’s still knowledge in understanding what drives employee satisfaction and dissatisfaction across corporations.

Culture Amp is just one of many companies aiming to help employees anonymously express how they feel about their place of work; however, the Melbourne firm is utilizing the anonymized employee survey data from thousands of customers to assist them in learning from one another and chart which initiatives made a dent.

The eight-yr-old startup has picked up a new round of funding to assist it in extending its base of customers further.

Culture Amp recently closed a sizable $82 million funding bout led by Sequoia Capital China with participation from Sapphire Ventures, Index Ventures, Blackbird Ventures, Hostplus, Skip Capital, Grok Ventures, Global Founders Capital and TDM Growth Partners.

The corporate’s Series E doubles the corporate’s total funding raised to now, which now sits at $158 million. Culture Amp closed its last main round of investment — a $40 million Series D — in 2018 July.

The corporate’s subscription survey software provides customers all of the templates, questions, and analytics that they should track employee sentiment and visualize the information that they get back. The software can be utilized for quarterly engagement surveys; but it can further power efficiency reviews, goal-setting, and self-reflection.

CEO Didier Elzinga says the corporate now has 2,500 clients with a collective three million Culture Amp employee surveys under their bands. Elzinga says that harnessing the collective intelligence of its network to predict things like employee turnover is perhaps one among its strongest value propositions.

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