Culture Amp raises US$100m to help organisations in new world of work

Didier Elzinga, Chief Executive Officer and co-founder of Culture Amp

Culture Amp, the world’s leading employee experience platform has announced a valuation of over USD$1.5 billion through a recent USD$100 million Series F funding round.

Culture Amp modernises business approach to employee engagement and performance management delivering insights and suggested actions to over 4,000 organizations globally.

Culture Amp investment partners

TDM Growth Partners (TDM) and Sequoia Capital China led the round, with participation from new investor Salesforce Ventures and existing investors Felicis Ventures, Blackbird Ventures, Index Ventures, Sapphire Ventures, Skip Capital, Grok Ventures and Global Founders Capital.

Since 2011, Culture Amp has pioneered the application of behavioral science and data analytics across the employee lifecycle to help organizations humanize the performance management process and invest in the growth and development of their people.

In an environment of rapid change, and with a massive increase in hybrid and remote work, Culture Amp provides organizations with the data they need to rapidly iterate the experience they are delivering to their employees.    

“With this strategic round of funding, we will empower more organizations 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 investors’ commentary

Hamish Corlett, co-founder of TDM Growth Partners (TDM) said, “Organizations 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.”

“Culture Amp has enabled organizations to embrace our core belief as investors that people and culture are fundamental to driving long term competitive advantage and success.”

“In future, we’ll see these businesses that were early adopters in understanding this.”

Steven Ji of Sequoia Capital said, “As the trailblazer in employee experience, Culture Amp is charting a path for organizations to succeed in the new world of work with data insight.”

“Culture Amp has the purpose, leadership and the ability to truly impact people’s lives and we’re excited to see what they will achieve in this next stage of growth and beyond.”

Rob Keith, Head of Australia, Salesforce Ventures added, “Culture Amp is the clear leader in employee experience, and as a customer for many years we’ve seen first hand the power of the Culture Amp platform to drive meaningful change in the workplace.”

“We seek to invest in innovative cloud companies and founders solving pressing challenges globally. Culture Amp is at the forefront of driving positive behavior change at work and we look forward to contributing to the company’s continued growth and success.”