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Proceeds from the new investment round will enable the company to expand its culture tech platform to provide on-demand monitoring and analysis of critical indicators that are the foundation of healthy workplace culture
Fremont, CA: Online workplace culture platform Emtrain received USD 8 million in a growth capital funding round led by Education Growth Partners, a private equity firm dedicated to providing growth capital to proven, high potential human development and workplace companies. New York-based full-service commercial bank, Singapore Bank, provided a USD 2 million facility to complement the equity investment. Proceeds from the new investment round will enable the company to expand its culture tech platform to provide on-demand monitoring and analysis of critical indicators that are the foundation of healthy workplace culture.
"Our changing demographics, social norms, and current tough business climate require a better solution to educate employees of their rights and responsibilities and how to be a culture leader while informing employers where they need to focus their time and attention to support a healthy culture," said Janine Yancey, Founder, and CEO of Emtrain. "U.S. businesses spend five billion dollars each year on compliance training without getting real business value; no business intelligence, no benchmarking, no evidence of behavior modification, nothing but a completion certificate. Business leaders are increasingly demanding business value from these programs and a way to solve behavioral problems before they turn into bad outcomes. Emtrain uses data, analytics, and benchmarking to show companies where they are vulnerable and how to address their hotspots in a proactive way."
Emtrain's solution meets increasing state and federal compliance training regulations and also diagnoses issues that are otherwise invisible to business leaders and benchmarks those issues against a global average so that internal stakeholders know where to focus their time and attention for maximum and measurable results. The company's diagnostic tool and data provide a win/win for employers and employees who both want to prevent these issues but lack the visibility, tools, and organizational structure to do so effectively.
"Janine has a bold, unique vision on how to change the way organizations identify their risk and prevent complex culture issues from becoming damaging," said EGP Managing Partner Peter Campbell. "Janine Yancey and her team have developed their predictive frameworks and data sets over 15 years, and have now built a breakthrough product that anticipates where the market has moved. We're excited to add considerable capital and our expertise in learning and behavioral change to Emtrain as they change the way employers and employees interact to prevent harassment, bias, ethical lapses, and other bad culture outcomes."
See also: Top HR Tech Companies