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.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.