Emplify Closes on $15M Round, to Add Jobs
INDIANAPOLIS - Indianapolis-based tech company Emplify has completed a $15 million Series B investment round. The company, which provides an employee engagement improvement platform, says it plans to use the funding to continue product development and expand its sales and marketing teams.
The funding round was led by New Jersey-based growth equity investor Edison Partners. The round also included contributions from prior investors, including Allos Ventures in Indy, St. Louis-based Cultivation Capital, Mark Hill, Bob Davoli from Gubtrain Ventures, and Indianapolis-based 4G Ventures Managing Director Bill Godfrey.
"Emplify is scientifically tackling the most pertinent issue employers face today: building a culture that attracts, engages and retains talent," Ryan Ziegler, general partner at Edison Partners, said in a news release. "Defined business outcomes are tied to measurable business improvements that Emplify’s customers experience in less than 12 months speak for themselves. Santiago Jaramillo and his team have built a superior solution for measuring and continuously improving employee engagement, and we look forward to helping Emplify advance its mission."
Edison Partners also led Emplify's $7.5 million Series A round of funding more than a year ago.
In addition to the funding, Emplify has tapped George Tate as senior vice president of sales. Tate previously served as vice president of sales at Illinois-based Paylocity Holding Corp. (Nasdaq: PCTY).
Emplify says it has grown year-over-year revenue by an average of more than 275 percent since its founding in 2015. The company's platform uses employee surveys to score an employer's performance across nearly two dozen metrics.
Inside INdiana Business will have more from Emplify co-founder and Chief Executive Officer Santiago Jaramillo in Thursday afternoon's INside Edge e-newsletter.