Simpplr, an AI-powered employee experience platform, announced that it has raised $70M as a part of its Series D round led by Sapphire Ventures with participation from existing investor Norwest Venture Partners. Additional investors, including Tola Capital and Salesforce Ventures, also backed the round. The startup’s latest funding brings its total raised to $131 million.
The company plans to utilize the fresh capital in future growth and innovation of the leading employee experience (EX) platform.
Dhiraj Sharma founded Simpplr as a company intranet where employees can create profiles, access the employee handbook and find company resources. Employers can use it to update their travel expense policy, build social hubs for specific teams or deploy surveys. The platform uses its products to deliver personalized experiences that inspire and engage its employees. It aims to transform the work experience for billions of people worldwide. The firm is used by more than one million people worldwide, delivering increased engagement and measurable productivity gains for companies in NA, EMEA, and APAC.
Speaking about the investment, Founder & CEO of Simpplr, Dhiraj Sharma, said:
This is a watershed moment for companies everywhere on the importance of AI-powered employee experience and its impact on business performance. From measuring employee engagement in real-time to enabling effective communication and building community and connection, Simpplr’s customers continue to realize EX’s importance to retention, productivity, and talent acquisition.
Headquartered in Silicon Valley, CA, with offices in the UK, Canada, and India, Simpplr is trusted by more than 700+ leading brands, including Penske, Snowflake, Moderna, Eurostar, and AAA. Its customers are achieving measurable productivity gains, increased employee engagement, and accelerated business performance.
President & Partner of Sapphire Ventures, Jai Das, added:
The employee experience continues to be a significant focus for employees and employers. A key pillar of a positive employee experience is engagement. Simpplr makes it easy for employees to feel connected and their employers, creating belonging and, ultimately, driving performance. As companies prioritize employee needs, Simpplr’s mission to transform the work experience for every employee through better engagement, regardless of location, is essential for any company focused on business growth.
Promod Haque, Managing Partner of Norwest Venture Partners & Simpplr board member, commented:
Simpplr continues to grow rapidly and ensures their customers are successful across more than 30 industries and around the globe. As companies increasingly focus on digital employee experiences, Simpplr’s platform helps companies retain and attract talent with real-time people insights and personalized experiences. We are thrilled to continue to support Simpplr by putting additional capital to work, further powering their mission to transform the work experience.
In addition to the funding, Simpplr announced several new executive hires, including Tim Lambert as Chief Revenue Officer, Bala Kasiviswanathan as Chief Product and Customer Experience Officer (formerly Chief Product Officer of Tidal | X, the moonshot factory (formerly Google X), Parag Kulkarni as Chief Technology Officer (previously, Senior Vice President of SaaS Engineering at Nutanix), Aykut Firat as Chief Data Scientist (former Chief Data Scientist at Brandwatch), and Paige Leidig as Chief Marketing Officer (former Chief Marketing Officer at NetBase Quid).
As part of the transaction, Das will join Simpplr’s Board of Directors upon the closure of this round.
In 2021, Simpplr had raised $32 million in its Series C round led by Tola Capital. The financing round also saw participation from Norwest Ventures, Salesforce Ventures, and George Still Ventures.