
Sapphire leads Series C for Australia's Culture Amp
Sapphire Ventures has led a $20 million Series C funding round for Australian business analytics services provider Culture Amp.
Existing backers Blackbird Ventures, Felicis Ventures and Index Ventures also participated. The new capital will be used to expand the company’s staff across Australia, the US and UK. It will also advance marketing to new customers and grow the company’s online network of human resources practitioners.
Founded in 2010, Culture Amp provides an analytics platform focused on employee feedback. The service brings together experts in technology, data science and organizational psychology to help corporate clients improve engagement with internal personnel.
“We want to make the world a better place to work, and we’re proving that good workplace culture is good business,” Didier Elzinga, Culture Amp’s founder and CEO, said in a statement. “For many years we’ve been sharing our data - not only on benchmark engagement scores, key drivers and insights for specific industries, but how these scores impact the bottom line.”
Culture Amp received a $10 million Series B round from Blackbird, Felicis and Index last year. The three investors teamed up for a $6.3 million Series A in the company the prior year.
US-based Sapphire invests globally in growth-stage technology companies and early-stage venture funds. It claims about $2.4 billion under active management under direct investment and fund-of-fund commitments.
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