InsideBoard announces €25M Series B led by AXA Venture Partners
San Francisco-based digital change management software provider, InsideBoard , announced it has raised €25 million in a Series B round led by AXA Venture Partners . This round brings the company’s total funding to $32 million.
“In the current context, we are very proud to be joined by investment funds of such international reach. This investment is a powerful signal that it is absolutely crucial for companies to engage their employees, en masse and remotely, in achieving successful digital transformation and developing the skills of their human capital. The trust they have shown us endorses InsideBoard’s founding vision: businesses can only reinvent themselves if they use individual potential to boost collective transformation and the power of digital.” – Michaël Bentolila, co-founder and CEO of InsideBoard.
Established in 2013, the team of ~50 led by co-founder and CEO Michaël Bentolila offers a single platform that provides all the key employee engagement drivers needed to secure transformation projects’ employee adoption, wherever they work. The platform uses AI and employs an objectives-based approach inspired by Google’s OKR (Objectives & Key Results) system, which motivates teams and rallies them around expected successful outcomes.
“InsideBoard’s artificial intelligence allows us to understand each employee’s particular engagement mechanisms and thus guide them, one step at a time, towards the achievement of their goals. Thanks to InsideBoard, employees can now connect up with their project communities, monitor their objectives and get involved in just the same way as they already do in their everyday applications.” – Yohan Bentolila, co-founder and CTO of InsideBoard.
“The Covid 19 crisis will clearly change the way we work and will be a catalyst for the adoption of digital solutions to allow employees and teams to communicate better and companies to transform themselves faster. Change management is indeed a key element of success in the transformation of many companies. By bringing to the market the 1st SaaS change management platform based on artificial intelligence, InsideBoard is positioning itself today, in particular in the current context, as a benchmark solution for companies seeking to carry out major transformation projects, with the active involvement of their employees. We are very happy and proud as investors to lead this financing round and to support Michael and Yohan and their team in this journey. It is a key moment for InsideBoard, and we are convinced that they will have the same success internationally than the one they have experienced in France.” – François Robinet, Managing Partner, AXA Venture Partners.