It gives us great pleasure to announce that Darwinbox has raised a new round of funding of $72 million led by Technology Crossover Ventures (TCV) along with participation from existing investors — Salesforce Ventures, Sequoia, Lightspeed, SCB 10X, JGDEV, Endiya Partners, and 3One4Capital. This brings the total investment raised thus far to over $110 million placing us amongst the most well-capitalized HR tech players in Asia.
This milestone energizes our mission to continue building technology that enables you to unlock the highest potential of your people.
The world of work has been changing at an unprecedented pace— whether it is entropy in the talent market, changing definitions of the modern workplace, or the evolving expectations of an increasingly millennial and Gen-Z workforce. The HR function is now in the spotlight to take ownership of this mandate. As the future of work continues to evolve, our goal is to provide you with the tools that will give you, your workforce, and your organization a competitive advantage.
So, let’s get down to brass tacks: what does this mean for you? Here are a few highlights of what this will accelerate:
Driving any meaningful change via digital transformation is contingent on our ability to deliver experiences to the end-users. Employee adoption is critical, a no-brainer metric, and yet severely undervalued in this ecosystem. As you can see, with various investments across the board we’re optimizing a better HCM-org fit and better employee adoption as a result. If you’d like to discuss any of the aspects listed above in more detail, you know where to reach us. We’d love to chat.
In closing, we have only one thing to say – Thank you!
Our customers have always been an inspiration to us. In our early days, going up against HCM players with decades of legacy, you gave us strength when we saw you resonating with our vision. You not only believed in us but put your chips down on us and took spectacular leaps of faith. Over the last two years, when HR was at the forefront of a rapidly evolving, unprecedented situation, we unwittingly got a front-row seat to see how all of you adapted and thrived, and we are simply in awe of how you handled it. It's two things—your faith in us, and your commitment to creating a better employee experience every day—that got us to where we are.
Before we sign off, we wanted to mention all the Darwinians who are dedicated to your HR excellence. To achieve the goals and scale that the new funding now pulls into focus, we’ve got to bolster our roster more than ever before, and plan to double our headcount.
Thank you for being our partner on this journey. Let’s continue to push HR to new heights every day.