Emplify CEO: Funding Round is 'Validation'

Posted: Updated:
Santiago Jaramillo is the co-founder and CEO of Emplify. (IIB Photo/Mary-Rachel Redman) Santiago Jaramillo is the co-founder and CEO of Emplify. (IIB Photo/Mary-Rachel Redman)
INDIANAPOLIS -

The co-founder and chief executive officer of Indianapolis-based Emplify says its recently-completed funding round is "validation" of the tech company's efforts. Emplify, which provides an employee engagement management software platform, raised $15 million in Series B funding, led by New Jersey-based Edison Partners. Santiago Jaramillo says demand for the platform has forced the company to grow and Emplify plans to use the funding to add to its staff and further develop the software.

The company has seen an average of 275% year-over-year growth since its founding in 2015. In an interview with Inside INdiana Business, Jaramillo said despite the company's success, the market is "craving for more." 

"We are ramping up operations to keep up with the demand that there is because this is the number one question that's facing employers today: How do we create a culture that attracts, engages and retains the talent that we need?" said Jaramillo. "Our investors are seeing that revenue growth and are saying, 'We'd like to provide you with more capital to take advantage of this incredible market opportunity because you're really onto something.'"

Jaramillo says the company is looking to hire across all functions, including product and engineering and sales and marketing roles, as well as certified employee engagement strategists, who service as an executive coach to help companies analyze data from the platform.  

Edison Partners had previously led Emplify's Series A funding round in 2018, which also included some of the same investors as the Series B round. Jaramillo says having repeat investors adds to the validation the company feels.

"We were able to bring an east coast-based investor that brings with it deep pockets and really deep expertise; they've built over 200 high-growth, big software companies before us and to have their validation and continued support is a testament to the value that we're adding to the customers and how costly the problem is of employee engagement that really others haven't figured out yet. We're fortunate to have those partners and excited to continue in expanding our relationship with them."

Emplify touts clients such as Harley-Davidson Inc. (NYSE: HOG), Crew Carwash and Ruoff Home Mortgage. 

Jaramillo says despite the company's success, the market is "craving for more."
  • Perspectives

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • The IU School of Informatics, Computing and Engineering will now be named for Fred Luddy for his $60M gift. (photo courtesy James Brosher/IU)

      $60M Gift to IU, Second Largest in School History

      An Indiana University alumnus who founded the information technology firm, ServiceNow, has given his alma mater $60 million to establish an artificial intelligence center. The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in the history of the IU.

    • POET ethanol co. announced in Aug 2019 it was closing the plant in Cloverdale. (photo courtesy: POET)

      Cloverdale Ethanol Plant Closes

      South Dakota-based POET LLC, the nation’s largest biofuels producer, is moving forward with a plan to shut down its biorefining plant in Cloverdale, leaving 50 Hoosiers without jobs effective Friday. The company tells Inside INdiana Business that it is not making any changes to the plans announced two months ago. 

    • The multi-year road project stretched from Bloomington to Indianapolis.

      I-69 Road Project Update

      The Indiana Department of Transportation has scheduled three public meetings for next week to update the community on the I-69 Section 6 road project.    Section 6 is an approximately $1.5 billion new interstate project stretching from Martinsville to I-465 in Indianapolis.

    • Chrissy Vasquez and Adam Ramsey

      Indy Reads Adds Staff

      Indy Reads Books has hired Chrissy Vasquez (pictured) as chief development officer to oversee marketing, development and the store. Also, Adam Ramsey (pictured) has been named manager of engagement, specializing in story telling through video and social media. Vasquez previously served as executive director and vice president of operations for Back on My Feet.  

    • Purdue Global Now Offers Analytics Degree

      The U.S. Bureau of Labor Statistics reports that jobs in the field of data analysis are projected to grow 26 percent over the next ten years. Acting upon that data, Indianapolis-based Purdue University Global has launched a new Bachelor of Science degree program in analytics.