USA – SocialChorus, a San Francisco, CA — based workforce communications SaaS company, raised $100m in funding.
Sumeru Equity Partners (SEP) — a growth-focused technology investment firm — along with existing investors, led the investment. As part of the deal, majority shareholder SEP will add principals John Brennan, George Kadifa and Mark Haller to SocialChorus’ board of directors. The company intends to use the funds to accelerate growth and product innovation. Led by Gary Nakamura, CEO, SocialChorus is a workforce communications platform that enables organizations to accelerate and accomplish their business initiatives by reaching, aligning, and mobilizing every worker. The system allows enterprises to create and publish communications once in the platform, automatically send that content to any employee channel including mobile apps, intranets, email and more, and measure the impact across channels. Hundreds of business, IT, HR and communications teams use the platform today — including those at 10 of the Fortune 50 — to power their workforce communications, reaching millions of workers across 165 countries. The company’s financial backers Kohlberg Ventures and Arrowroot Capital will continue as significant investors in the company, alongside the founders and management. 16/07/2020
