Australia: Sapphire Ventures leads $20m Series C round in Culture Amp

Visual from company website.

US-based venture capital firm Sapphire Ventures has led a $20 million Series C round in Culture Amp, a tech startup in Australia that runs an employee feedback platform.

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

As part of the raise, Sapphire Ventures principal Kevin Diestel will be joining Culture Amp’s board of directors.

The latest funding will be used primarily to grow the Culture Amp team across its four major offices — Melbourne, San Francisco, New York and London. The firm said it will continue to invest in developing the field of people analytics.

“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,” Diestel said.

Culture Amp currently serves over 1,000 customers, including Airbnb, Slack, Adobe, Estée Lauder, Warby Parker and Lyft.

Founded in 1996, Sapphire Ventures currently has over $2.4 billion under management via direct growth investments and early-stage fund investments. The firm invests capital, resources and expertise to enable its portfolio companies to scale rapidly.

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