I’m proud to announce that Simpplr has raised $70 million in Series D funding led by Sapphire Ventures with participation from existing investor Norwest Venture Partners. Additional investors include Tola Capital and Salesforce Ventures. This new round of funding supports the growth of our AI-powered employee experience (EX) platform as we continue to lead the market and innovate ahead of the curve.
Preparing for the talent war
Our world of work is increasingly becoming more distributed. As a result, we need to create a more productive, enjoyable, and simpler work experience, and we need better technology to support employees wherever they are.
Today, most organizations understand how vital (EX) is to employee retention, productivity, engagement, and acquisition. And its importance will only continue, as the projections are that by 2030, the U.S. could face a deficit of more than six million workers. Globally, that number could reach 85 million, with significant shortages in China, Japan, Russia, Indonesia, and Brazil, as reported by Korn Ferry in their multiyear “Future of Work” series.
Measuring employee experience in real-time has taken on a new urgency, with internal teams tasked with prioritizing communication, connection, and community. And at Simpplr, we are uniquely positioned to meet this demand, with this new funding accelerating game-changing capabilities already in motion.
Reimagining the employee experience from the ground up
Since our last round of funding, we have been hard at work creating a simplified, personalized, and unified employee experience—all contained in one ground-breaking AI-powered platform. And we have released new innovative products that enable companies to deliver personalized experiences, a unified delivery, and real-time insights.
Demand for these solutions continues to proliferate as more companies, including Snowflake, Moderna, Eurostar, and AAA, recognize the connection between increased employee engagement, improved retention, and higher productivity.
Everything we’ve done revolves around bringing the best employee experience to life. We continuously learn, adapt, and respond to shifting workplace needs, capturing emerging EX opportunities through our innovations and close collaboration with customers.
The Simpplr platform is easy to deploy, delightful to use, and a cinch to maintain—adding up to industry-leading adoption rates and a swift return on investment. IT loves it, internal communications can’t live without it, and HR professionals treasure it. Best of all, employees feel connected and supported—from anywhere.
And we’ve also expanded our leadership with experienced new C-level hires, including Tim Lambert as Chief Revenue Officer, Bala Kasiviswanathan as Chief Product and Customer Experience Officer, Parag Kulkarni as Chief Technology Officer, Aykut Firat as Chief Data Scientist, and Paige Leidig as Chief Marketing Officer.
Accelerating our EX investments
This funding will accelerate our investments in our AI-powered platform, with plans for new innovative products, additional workforce, and the continued growth of our leadership position in employee experience, meeting demands across key industries and regions. And we plan to continue to grow at 70% YoY or higher as we do so.
We’re thrilled to continue to advance this work and extremely grateful for the customers, advisors, investors, and team members that make our vision of a simplified employee experience a reality. We look forward to pushing new boundaries and creating new standards for the optimal employer and employee relationship in the coming years. We couldn’t do this without your continued support. Thank you!
