People Analytics Platform Snags $10 Million in Series B Funding, Led by Index Ventures

Fast growing industry leader will use funding to expand product offering for clients looking to foster great places to work

Mar 07, 2016, 06:00 ET from Culture Amp

SAN FRANCISCO, March 7, 2016 /PRNewswire/ -- Culture Amp, the people analytics platform for data-driven insights on employee engagement and company culture, announced today that it has closed a $10 million Series B round. The round was led by Index Ventures with participation by Felicis Ventures and Blackbird Ventures. The funding will be used to launch advanced analytics features on the Culture Amp platform, and finance the company's expansion into the U.K. and Europe, with an office opening in London this month. Ilya Fushman, General Partner at Index Ventures will join Culture Amp's board of directors.

"A deep understanding of employee engagement is essential to building great global businesses and Culture Amp's products allow companies to keep their finger on the pulse of their organizations," said Index Ventures Partner Ilya Fushman. "Having seen first-hand the positive impact of their data-driven approach at Dropbox, as well as their phenomenal growth among leading retail, hospitality, media and professional services clients, I am excited to be an investor and see Culture Amp's impact on employee happiness."

Since its Series A funding in early 2015, Culture Amp has more than tripled in size, and continued to win some of the world's most innovative companies such as Greenhouse, Slack, and Namely, adding to existing clients Airbnb, Etsy, Eventbrite, Pinterest and Warby Parker.

"We are making sophisticated people analytics not only accessible, but effective, for all companies," said Culture Amp CEO and co-founder Didier Elzinga. "Companies don't just need more data - they need the right data, and we are building the industry's leading platform for collecting and connecting relevant insights to understand what drives their people and culture."

Elzinga said the funding would be used to focus on launching new products and expanding into other markets.

"It might not come as a surprise given what we do, but our competitive advantage is our people, both at Culture Amp and the almost 20,000 People Geeks we talk to every week."

For more information on Culture Amp and to schedule a demo of the technology, please visit cultureamp.com.

About Culture Amp

Culture Amp is a People Analytics platform that works with the world's most innovative companies to use data to drive their culture. We close feedback loops around employee engagement, onboarding and exiting, to manager insights. We're a proud culture-first company, built on a community of People Geeks. The Culture Amp team combines deep knowledge in psychology, statistics, user experience and engineering into a platform that is transforming organizations worldwide. Founded in 2011 by Didier Elzinga, Doug English, Jon Williams and Rod Hamilton, it has offices in Melbourne, San Francisco, New York & London. For more information, visit www.cultureamp.com or follow on Twitter at @cultureamp.

About Index Ventures

Index Ventures is a multi-stage venture capital firm founded to support the best and most ambitious entrepreneurs, wherever they emerge. With a global network and headquarters in London and San Francisco, Index has teamed up with founders in the U.S., Europe and Israel who are building the world's next great companies.

Contact details
Culture Amp
Bronwen Clune
Director of Editorial and PR
+1 415 802 6450
bronwen@cultureamp.com

Index Ventures
press@indexventures.com

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SOURCE Culture Amp



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