InvestorsĪs part of Culture Amp's latest round, superannuation fund Hostplus, which has been at the forefront of the super sector investing in Australia's venture capital industry, also backed the start-up. It has also appointed its first independent director, vice-president of sales and business operations at edtech start-up Clever Inc Roli Saxena.
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The company's software lets businesses gauge everything from how satisfied its employees are with their work, to how often people on average get promoted, or how many times in the past quarter members of a team have looked at changing jobs.Ĭulture Amp is also rolling out a new diversity and inclusion survey, which lets companies gather insights on their business and benchmark themselves against their peers. "Companies are realising that culture isn't just soft and fluffy. Mr Elzinga said the business had started out having success with big tech businesses in the US, but in the last few years companies across all sectors had begun realising the importance of having a "culture-first" workplace. Its software platform is being used by 1500 companies and more than two million employees, including those at Australian businesses such as REA Group, Telstra Health and most AFL clubs. In the last nine years the business has grown from four desks inside Melbourne co-working space Inspire9 to have 230 staff across four offices globally. We've built a world-class product and engineering team in Melbourne, we have a significantly growing machine-learning and data science capability and we're sitting at the heart of a big cultural shift going forward." "This raise is about continuing to grow at current rates. I was in constant talks with funds ever since we closed the last round, and it will begin again after this is announced," Mr Elzinga told The Australian Financial Review. "Like Silicon Valley companies, even though we're not headquartered there, in a way we're always fundraising. Melbourne start-up CultureAmp is on the front line of the technology industry's battle against toxic workplaces. The funding round, which was led by Blackbird Ventures and had participation from a range of Silicon Valley-based funds as well as Scott Farquhar and Mike Cannon-Brookes' Skip Capital and Grok Ventures, is its largest to date and brings its total raised to over $70 million. Employee engagement tech start-up Culture Amp has raised $US40 million ($54.4 million) in one of the biggest capital raises of the year for a local company, with the business aiming to hit $100 million in revenue by 2020.Ĭo-founded by Didier Elzinga, Jon Williams, Doug English and Rod Hamilton in 2009, the company has developed a staff survey tool and analytics platform used by major companies including Airbnb, Disney, Nike and McDonald's.
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