Didier Elzinga, CEO and co-founder of Culture Amp
Culture Amp raises US$100M from TDM Growth and Sequoia
The story: Employee experience platform Culture Amp has received fresh funding of US$100 million in a Series F round co-led by TDM Growth Partners (TDM) and Sequoia Capital China, setting its valuation at over US$1.5 billion.
Lead investors: TDM Growth Partners (TDM) and Sequoia Capital China. Besides, this round also sees the participation of a new investor, Salesforce Ventures, and existing investors Felicis Ventures, Blackbird Ventures, Index Ventures, Sapphire Ventures, Skip Capital, Grok Ventures, and Global Founders Capital.
Plan: The firm noted in its statement that it would use the funds to broaden its clientele. We are contacting the firm for further details.
What is Culture Amp?
Founded in 2011, Culture Amp has been drawing on its 10 years of innovation to utilise behavioural science and data analytics to help businesses personalise the employee performance management process. With offices in the US, UK, and Australia, the firm is now supporting over 4,000 organisations with 25 million employees across the world. Salesforce, Unilever, PwC, KIND, SoulCycle, and BigCommerce are named as some of their clients.
The business achieved over US$100 million in recurring income last year. Besides, its revenue is reported at US$45.8 million, according to the document filed with the Australian Securities and Investments Commission.
Last year, Forbes listed Culture Amp as one of the world’s top 100 private cloud companies in the world.
India’ Vauld secures US$25M funding led by Valar Ventures
The story: Vauld, the worldwide platform for generating wealth with cryptocurrency, announced today that it has received a $25 million Series A investment.
Lead investor: Valar Ventures. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, Cadenza Capital, and others also took part in the round.
Plan: A part of the capital will be used to drive international growth and licensing as long as its retail crypto banking and investing platform expansion. The company also plans to strengthen the team by getting at least a hundred new roles onboard.
What is Vauld?
Headquartered in Singapore, Vauld partners with Binance and Bitgo to build an asset-backed borrowing and lending platform for crypto wealth which currently supports over 30 cryptocurrencies.
The company claims to provide the best rates for earning interest by lending cryptocurrency, up to 12.68 per cent annual percentage yield with weekly payments. There will be no deposit or withdrawal fees and no fixed cap on users’ daily withdrawals.
From 1Q21 to 2Q21, the firm’s assets under management increased by 124.4 per cent quarter-over-quarter. Last year, its worldwide user base was said to have grown by more than 200 times, reaching people in more than 160 countries.
The company has raised $27 million USD total capital since inception.
Also Read: How ASEAN is shaping up to be a blockchain frontrunner
Facebook Veteran Andy Hwang serves as JobHopin’s Board Advisor
The story: Andy Hwang, former Director of Business Integrity in Asia Pacific at Facebook, is announced to be an angel investor and officially set his foot in the advisory board of JobHopin, a Vietnam’s career management and recruitment platform
Plan: Andy Hwang will mentor and advise JobHopin alongside other active Board Advisors including Johan Nyvene, the founding CEO of HSC- 2nd, and Thomas Hornbeck, a serial tech entrepreneur and co-founder of Silicon Valley venture-backed Got It!.
What is JobHopin?
Founded in 2016 in Vietnam, JobHopin offers consumers real-time market intelligence by analyzing data from both online and offline sources. It claims to provide recruiters with more than 2.1 million digital profiles together with solutions for 4,000 companies and 10,000 recruiters hiring across the country.
The firm is said to have grown its sales by more than 300 per cent year over year since the beginning of 2018. Earlier this year, JobHopin raised US$2.45 million in a Series A round co-led by South Korea’s SEMA Translink and KK Fund, increasing the total capital injection to more than $3 million since its inception.
Andy Hwang, the new angel investor and member of JobHopin’s advisory board, is a Singapore-based angel investor and business counsellor with 10 years of working experience at Facebook. He helped Facebook launch in Singapore and across Asia and supports businesses to secure and build trusted connections with people.
Also Read: Monk’s Hill Ventures head of talent’s guide to startup jobs search in Singapore
East Ventures’s initiative IDPB Safeguards Oxygen raises US$1M to support COVID-19 fight in Indonesia
The story: Indonesia PASTI BISA (IDPB) Safeguards Oxygen, an initiative by East Ventures, just finished a two-week fundraising campaign that received US$1,202,709 from 788 individual and corporate donors.
Plan: The money generated will be utilised to provide 1,450 oxygen concentrators to hospitals in Indonesia that are in need. IDPB Safeguards Oxygen is seeking to raise another US$10 million as part of the larger ongoing initiative Oxygen for Indonesia.
Corporate donors: Individual and corporate donors, including Indonesia’s e-commerce unicron Bukalapak, media conglomerate EMTEK, among others.
Indonesia PASTI BISA (IDPB) Safeguards Oxygen is an initiative by East Ventures. Image Credit: East Ventures
What is IDPB Safeguards Oxygen?
Collaborating with three companies backed by East Ventures – Bonza, Waresix, and Advotics, IDPB Safeguards Oxygen is a contribution platform that provides end-to-end solutions to assist the country’s efforts to eradicate COVID-19.
It employs Bonza’s data platform to map and forecast oxygen demand throughout Indonesia, and Waresix’s distribution network to get the oxygen concentrators to the people who need them. Following then, Advotics assists in tracking the progress of each oxygen concentrator ordered till it arrives at the target hospitals.
Indonesia’s Ministry of Health is currently using the platform’s contribution monitoring system to disburse relief funding, and IDPB Safeguards Oxygen has delivered 1,600 oxygen concentrators on behalf of the Ministry of Health as of July 28, 2021.
Temasek Foundation, the Ministry of Health of Indonesia, the Embassy of the Republic of Indonesia in Singapore, IndoTech SG, the Indonesian Professionals Association Singapore (IPA SG), and KawalCOVID19 are notable partners of the initiative.
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Image Credit: Culture Amp
The post In Brief: Culture Amp snags US$100M; Valar Ventures injects US$25M in Vauld appeared first on e27.