# Cultivate Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cultivate-technology

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.cultivate.com
- Total disclosed funding: $10M
- Latest round: Series A (Nov 6, 2019)
- Investors on record: 5

## About

Cultivate Technology Inc., based in the US, provides innovative employee engagement solutions designed to enhance organizational performance through technology-driven insights.Founded in 2017, Cultivate Technology Inc. specializes in employee engagement solutions. The company is headquartered in San Francisco, US. Joseph Freed is the CEO and founder, who has a background in technology entrepreneurship. Cultivate Technology Inc. has successfully conducted 5 deals, with its latest round being a Series A, raising USD 8.000 mn led by Trinity Ventures. The total amount raised by the company stands at USD 8.000 mn, with a current valuation of USD 25.240 mn.Cultivate Technology Inc. specializes in employee listening software that enables organizations to capture a wide range of employee experiences to enhance performance. The core offerings include customizable survey solutions for assessing employee engagement, diversity, equity, inclusion, and well-being. Their platform utilizes over 250 benchmarked questions, allowing for broad distribution to maximize participation. The client base includes large enterprises across various industries such as healthcare, retail, technology, and finance, offering a global reach into North America, Europe, and Asia. End users primarily consist of HR departments and organizational leaders focused on fostering a culture of continuous improvement and employee engagement.Cultivate Technology Inc. generates revenue through a subscription-based model, providing tiered pricing plans for their listening solutions. Clients subscribe to the platform for ongoing access to survey tools and analytics, accommodating the needs of both small and large enterprises. Their flagship services, including the People Insights Model and 360 feedback tools, are integral to their strategic listening approach, fostering transactional relationships where organizations invest in tailored solutions to improve engagement and effectiveness.In February 2022, Cultivate Technology Inc. was acquired by Perceptyx, Inc., expanding their suite of leadership development solutions. This acquisition will support Cultivate's plans for growth by enhancing their product offerings and expanding into new markets. The recent funding will facilitate the development of new products and services, although specific details on upcoming releases or geographic expansion timelines have not been disclosed.

## Funding rounds

- Series A, Nov 6, 2019, $8M — Trinity Ventures, Bloomberg Beta, Silicon Valley Data Capital, SAP.iO
- Seed, Dec 3, 2018, $2M — Bloomberg Beta, Silicon Valley Data Capital, Village Global

## Investors

- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed, Series A
- Silicon Valley Data Capital (https://capitalatlas.ai/funds/silicon-valley-data-capital) — Seed, Series A
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series A
- SAP.iO — Series A