SocialChorus raises $12.5M for its internal communications platform [TechCrunch Blog]
Phillips 66 (PSX)
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Source: TechCrunch Blog
While organisations dedicate large budgets into marketing their services to the outside world, there’s also been a rising demand among companies to communicate their purposes to a more immediate audience: themselves. SocialChorus, a startup that has built a platform to help organizations coordinate and communicate better with their employees, is announcing today that it has raised $12.5 million, funding that it will be using to expand its business (namely in EMEA with a new office in London) at a time when the company is already seeing a lot of growth. SocialChorus says that recurring revenues are up 120 percent this year, with the company’s customer list including more than 100 of the world’s largest companies, including USAA, Phillips 66, Cargill, Sound Physicians, American Cancer Society, Kohler Co., Lendlease, Lloyds Bank, Discover Financial Services, TD Bank, PG&E, Lincoln Financial Group and PVH Corp. “As digital transformation, employee engagement, employee
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