Australian HR startup Culture Amp raises $82m Series E led by Sequoia Capital China

Melbourne, Australia. Photo: Pixabay

Culture Amp, a Melbourne-based employee survey startup, has raised $82 million for its Series E round led by Sequoia Capital China.

According to a statement, the other investors joining the round include new backers, Global Founders Capital and TDM Growth Partners, as well as existing ones – Sapphire Ventures, Felicis Ventures, Index Ventures, Blackbird Ventures, Hostplus, Skip Capital and Grok Ventures.

Culture Amp operates a human resource (HR) platform, offering online surveys and analytics tools for businesses to measure various aspects such as employee engagement, retention and performance. The company boasts an impressive lineup of about 2,500 clients, including names like Airbnb, McDonald’s, Salesforce and Slack.

The fresh capital will be used to drive its expansion in EMEA, Latin America and Asia and further develop its product stack. Culture Amp added that it also plans to expand more deeply within industries across its markets to better tackle changes in these workplaces.

Didier Elzinga, CEO and co-founder of Culture Amp said: “This round of funding will help us to continue to deliver on our mission of building a better world of work by getting the Culture Amp platform into the hands of more people, and more leaders, who believe that culture is the biggest lever that you have to be successful.

Steven Ji, Partner of Sequoia Capital China added: “Sequoia Capital China’s substantial investment in this stage of Culture Amp’s growth underscores our confidence that they have the vision and the leadership team in place to help companies take action on complex workplace issues. Culture Amp has carved out a dominant niche in the global market.”

Based in Melbourne, Australia, Culture Amp today also operates in San Francisco, New York and London and employs nearly 400 people.