Venrock continues a tradition of partnering with entrepreneurs to establish successful, enduring companies. With a primary focus on technology and healthcare, portfolio companies have included Apple Computer, Athenahealth, Centocor, Check Point Software, DoubleClick, Endeca, Gilead Sciences, Idec Pharma, Imperva, Illumina, Intel, Nest, SlideShare, and Tudou.

Venrock

Greylock Partners invests in entrepreneurs that focus on consumer and enterprise software companies. The firm invests in companies that define new markets, including Airbnb, AppDynamics, Apptio, Arista Networks (NYSE: ANET), Cloudera, Docker, Dropbox, Facebook (Nasdaq: FB), LinkedIn (NYSE: LNKD), Medium, Nextdoor, Palo Alto Networks (NYSE: PANW), Pandora (NYSE: P), Pure Storage, and Workday (NYSE: WDAY). It was founded in 1965 and headquartered in Menlo Park, California.

Greylock

Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, they’ve invested in and partnered with more than 400 of the world's tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, Monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages decades of expertise in the cloud and long-term relationships with key decision-makers at thousands of businesses around the world to give portfolio companies an unfair advantage, help them build credibility, and accelerate growth.

Salesforce Ventures

GTMfund is an early-stage fund focused on investing in hyper-growth B2B SaaS companies. The fund is comprised of 260+ go-to-market executives from the fastest-growing companies on the planet (Snowflake, DocuSign, Okta, Salesforce, Twilio, Square, Procore, etc). Our operators have been there, done that, from zero to IPO. We support our founders with everything GTM - from strategy to hiring and execution.

GTMfund

Our mission is to coach and invest in entrepreneurial leaders building world-class, purpose-driven organizations. Led by Jeff Weiner and Brian Rumao. Sector focus areas include B2B / enterprise software, financial tech, consumer apps, health and wellness and education. We are interested in productivity software and virtual work, direct-to-consumer / e-commerce, SaaS, and data and AI/ML-powered platforms.

Next Play Ventures

Airspeed

Airspeed is a team-building platform for modern companies to connect digitally. Airspeed’s suite of apps offers simple and fun solutions to celebrate employee milestones, recognize colleagues with kudos, connect hybrid or remote teams, and more. Airspeed's platform serves as a system of record for culture, and helps companies build a strong culture of engagement, recognition, and collaboration.

<div>Airspeed, founded by Doug Camplejohn (ex-GM, Sales Cloud at Salesforce), offers an employee recognition platform through a family of apps&nbsp; and aims to provide solutions to improve workplace culture and connection.Airspeed&rsquo;s suite includes Intros, Celebrations, Shoutouts, Icebreakers, and Maps. Intros helps new hires get acquainted with their colleagues and connect with them. Celebrations allows team members to keep track of special dates and celebrate them together. Shoutouts is a tool to send kudos and recognize teammates for their achievements. Icebreakers automates the process of starting conversations and team-building activities during meetings. Finally, Maps allows team members to see where their colleagues are located on a map, which can be helpful for coordinating meetings or other activities.</div>

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

Airspeed Launches New AI Features and Awards to Strengthen Employee Connections

<div>
 
 Airspeed, founded by Doug Camplejohn (ex-GM, Sales Cloud at Salesforce), offers an employee recognition platform through a family of apps&nbsp; and aims to provide solutions to improve workplace culture and connection.Airspeed&rsquo;s suite includes Intros, Celebrations, Shoutouts, Icebreakers, and Maps. Intros helps new hires get acquainted with their colleagues and connect with them. Celebrations allows team members to keep track of special dates and celebrate them together. Shoutouts is a tool to send kudos and recognize teammates for their achievements. Icebreakers automates the process of starting conversations and team-building activities during meetings. Finally, Maps allows team members to see where their colleagues are located on a map, which can be helpful for coordinating meetings or other activities.
 
 
 The company offers freemium plans, with paid plans ranging from USD 2-3 per user per month.&nbsp;
 
 
 Key customers and partnerships
 
 
 The platform&rsquo;s key customers include Oracle, Gusto, Uncommon Purpose, and Category Pirates.
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/18296">
 May 2023
 </a>
 , Airspeed raised USD 5 million in seed funding led by Greylock Partners and Venrock and a USD 2.5 million debt line from Western Technology Investment to scale the platform, grow the team, and invest in R&amp;D.
 
</div>

ActivTrak is a cloud-based productivity monitoring software provider. The platform offers data and analytics which can be used to detect workplace productivity gaps. The platform collects data from employee activity logs and computer screenshots, although it does not log keystrokes or record video of a user’s screen. ActivTrak also facilitates a range of tasks for admins such as blocking websites, flagging suspicious activities, IP address connections, and monitoring web, and app traffic.Other features offered include productivity reports and coaching, headcount and workload management and personal insights. In November 2023, the company added capabilities to measure the usage of AI tools, automatically detecting and classifying the use of such tools and websites to help organizations manage and improve AI adoption across the workforce.Activtrak generates revenue via monthly subscriptions (USD 10 and USD 17) per user, and custom pricing for larger enterprises.Key customers and partnershipsAs of April 2024, over 9,500 enterprises used ActivTrak’s platform, notably including Allstate, asembia and Nobu. ActivTrak closed 2023 with a 40% growth in its customer base (adding ~2,200 customers).Funding and financialsIn November 2020, ActivTrak raised USD 50 million in a Series B round led by Sapphire Ventures. Sapphire Ventures CEO and managing director joined ActivTrak’s board as part of the deal. The new proceeds were earmarked for scaling global sales and marketing campaigns, expansion of its platform using AI driven analytics, and improving integration with its technology partners.

ActivTrak

inFeedo is a people predictive analytics company based in India. The Y Combinator-backed startup founded in 2013 is currently focused on “Amber” (launched in 2016), an AI-enabled bot that helps manage employee engagement, predict attrition, and get a pulse on company culture in real time. The company also offers AI-driven exit surveys and analytics to improve retention.Key customers and partnershipsAs of April 2024, over 700,000 users across 250 organizations utilized inFeedo’s platform. Notable clients included GE Healthcare, Puma, Tata Group, and Lenovo.Funding and financialsIn its latest funding round (<a href="https://sp-edge.com/updates/9099">March 2022</a>) inFeedo raised USD 12 million in Series A funding led by Jungle Ventures, reportedly tripling its valuation from less than 18 months ago. The fresh funds will be used for its second employee stock ownership plan (ESOP) buyback for all employees and its go-to-market activities in North America. Further, the company claims it has achieved annual revenue of USD 1.6 million as of November 2020.

inFeedo

Donut provides solutions to keep employees engaged with casual conversations. Its first product, Intros, makes connections between teammates via Slack to emulate quick meetups and in-person introductions at work, which are now virtual.Donut’s new product, Watercooler, launched in October 2020. It attempts to reinvent the micro-interactions between employees at the office watercooler online. The product will integrate with Slack, where a newly-designated channel for Watercooler will be created. The product will post questions automatically within the customers’ desired frequency and pre-selected topics.The company uses a freemium subscription model with paid plans starting at approximately USD 2 per user per month.Key customers and partnershipsThe company claims it has supported four million connections (one million since the Covid-19 pandemic) across its 12,000 customers, including companies such as Okta, Zapier, Slack, The New York Times, and Invision.Funding and financialsDonut announced a USD 12 million funding round led by Accel, along with its new product, Watercooler. The USD 12 million raised was accumulated over multiple rounds before the Covid-19 pandemic, with proceeds earmarked for product development.

Donut

Matter is an employee feedback platform founded by Brett Hellman. Hellman was the founder of messaging app “Hall”, which was founded in 2011 and later sold to Atlassian for USD 20 million in 2015.Matter uses 360-degree feedback to evaluate skills in employees which are linked to career success. The platform links skills such as influence, inclusiveness, empathy, resourcefulness, and multitasking to evaluations. Matter is currently available in beta.

Matter

Mesh is a Y Combinator-backed company that allows employees to set goals, track tasks, share feedback, and engage in one-on-ones. The company also offers an AI coach (Mesh Maven) to help employees stay in line with their key objectives, improve the quality of feedback provided and summarize 1:1s. Mesh also offers nudges and surveys to improve employee engagement alongside relevant analytics.The company generates revenue via monthly subscriptions per user, priced at USD 4 (Base) and USD 7 (Premium).&nbsp;Key customers and partnershipsAs of April 2024, the company served over 100+ enterprises, including NTT Data, Grant Thornton and Groww. The platform also offers integrations with third-party software such as Gmail, Microsoft Teams and Slack, among others.Funding and financialsIn its most recent funding round (<a href="https://sp-edge.com/updates/9768">April 2022</a>) Mesh raised USD 11 million in Series A funding led by RTP Global. The fresh funds were earmarked to expand its global footprint across the US and APAC regions. In line with this, the company planned to expand its headcount across the engineering and sales departments.

Mesh

Companies offering tools to infer employee morale (through surveys and quick assessments) and productivity, including functions for goal setting, review, and feedback.

Companies that offer the entire spectrum of HR tools including payroll processing benefits, onboarding, compliance, analytics, scheduling etc

Companies providing either standalone or combined payroll and benefits services to businesses.

EoR - Companies that assist businesses in hiring distributed teams globally in compliance with foreign labor laws. EoRs become the legal employer of offshore employees. Solutions include payroll, benefits, and taxes.

PEO - Companies that offer similar services to EoRs but establish a co-employment arrangement with businesses and do not become the legal employer.

Companies offering tools such as chatbots, surveys, games, and other activities to infer, assess and improve employee morale and sentiment.

Companies that provide a centralized space for employees to access internal and external resources, enterprise applications, and enable workers to communicate across departments, and stay up to date on organizational announcements.

Solutions in this industry hub are predominantly offered under a B2B SaaS model

Employee and performance management solutions use AI/Ml to infer engagement insights and sentiment analysis

Offers tools for companies to hire contractors globally, and conduct employee and performance management

Airspeed

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