Culture Amp lands $20m Series C funding round

2 years ago admin Comments Off on Culture Amp lands $20m Series C funding round

Melbourne-based HR tech start-up Culture Amp has landed a $US20 million ($26.4m) Series C funding round led by Sapphire Ventures, with Pricipal Kevin Diestel to join its board.

Culture Amp, which takes workplace analytics including employee feedback and helps HR professionals to shape a company’s culture, said the funding would be used to boost the company’s teams across its offices in Melbourne, San Francisco, New York in London.

The round, announced by Culture Amp CEO Didier Elzinga at the HR Tech conference in San Francisco, will also be used to further invest in the company’s people analytics technology.

Previous investors including Index Ventures, Felicis Ventures and Blackbird Ventures also participated in theround.

“People have always been a business’s richest resource. As a leader in making people analytics tools accessible, Culture Amp is ensuring that culture comes first for companies across the globe,” Kevin Diestel said.

“Many of our portfolio companies are already Culture Amp customers and we expect many more to join the wave. When they think culture, they think Culture Amp.”

Mr Elzinger said the company was well-positioned to continue leading its space, especially given its Net Promoter Score of above 65 which it has maintained since day one.

“What is especially gratifying is that we’ve achieved these incredible results without compromising on our commitment to building a culture first company at scale,” he said.

As The Australian reported earlier this year Culture Amp has chosen Melbourne as its global HQ, an expansion that will create 200 new jobs for the state.

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