Edison Partners, a growth equity firm based in Princeton, announced Thursday it is leading a $15 million follow-on growth investment into Emplify, an employee engagement measurement and improvement company.
Fishers, Indiana-based Emplify blends technology, behavioral psychology and data science with human insights to track, measure and identify antics to improve employee engagement.
Emplify will use the funds to accelerate its go-to market efforts, expand on its products and coach support for clients.
“To be competitive in this modern age, organizations need to do more to protect their internal brand and culture. Emplify’s blend of software with expert human advice yields people-powered business results that stand out among workplace technology platforms,” Ryan Ziegler, general partner at Edison Partners who led the investment, said.
“CEO Santiago Jaramillo has done a terrific job achieving significant growth milestones since our initial investment. We’re proud to partner with the Emplify team as they continue to advance scalable and actionable solutions for employee measurement, including new advisory services, partnerships and coaching networks, which will be critical as more millennials step into supervisory roles and lead the workforce,” Ziegler said.
Since its launch in 2017, Emplify has recorded more than 275% average year-over-year revenue growth and has more than 300 clients. It also plans to increase its workforce by 40% by the end of the year.
“At Emplify, we’ve confirmed that an engaged workforce results in lower turnover, higher productivity and improved business outcomes. Our platform demonstrably improves engagement, culture and performance while making work more engaging and meaningful for employees,” Santiago Jaramillo, co-founder and CEO of Emplify, said. “We’re thrilled to continue expanding our partnership with Ryan and the Edison team as we tackle the biggest challenge employers face today: building an employee experience that attracts, engages and retains top talent.”