- Case Study
‘’TDM is a fantastic investor and shareholder. I appreciate their long-term commitment to backing truly innovative and culture led companies but I also find that I learn something every time I talk to them’’
DIDIER ELZINGA, CEO AND CO-FOUNDER, CULTURE AMP
Culture Amp’s Growth Story
Culture Amp is a global leader in the “next generation” human-resources software market. Culture Amp Engagement data has become the global standard for diagnosing and managing organisational culture.
Over 6,000 customers globally continue to leverage Culture Amp’s software products to measure and drive employee engagement, performance, and retention. They are the world’s largest network of culture data, sourcing of over 1.1 billion data points on 45 million surveys.
As Culture Amp has continued to scale, it has added high quality, seasoned operators to its board who have seen the scaling journey before. The benefit of having board members who know the challenges ahead can be hugely beneficial, and is why we encourage our portfolio companies to ensure that over time the board composition transitions to reflects this.
Our Partnership
In 2019 TDM was invited to contribute to Culture Amp’s Series E capital raise of $US82m at an $800m valuation.
At the time of investing, Culture Amp was one of the fastest-growing Australian-headquartered software businesses we had ever seen.
Since then, we have continued to build our relationship with founder and CEO Didier Elzinga and his executive team, assisting them with key executive recruitment, strategic planning and development, and continual support across the finance function.
In June 2021, TDM co-led Culture Amp’s US$100m Series F capital raise alongside Sequoia Capital, valuing Culture Amp at over $US1.5b.
