BOULDER, CO--(Marketwired - Nov 21, 2013) - RoundPegg, a culture management company that helps organizations tackle culture change, align sub-cultures and proactively integrate acquired companies, today announced details of its latest round of financing. Investors Access Venture Partners, Point B Capital and Dundee Venture Capital participated in a round totaling $2.8 million.
Since its inception in 2009, RoundPegg has experienced significant and continuous market momentum and has grown 180 percent year over year. RoundPegg anticipates close to 250 percent growth through the end of 2013 as it continues to expand its client base -- which includes industry leaders eBay, Kaiser Permanente, Nike and Sungard among others -- to more companies seeking to drive greater employee engagement by defining and nurturing their corporate cultures.
The latest round of investment follows the release of the company's innovative culture management solution, EngagePegg, earlier this year. EngagePegg provides continual measurement of employees' engagement levels, enabling companies to resolve any issues before it is too late, while tracking the effectiveness of their engagement efforts. With its latest solution being adopted in the market, RoundPegg is focusing on expanding its own workforce. In particular, the company is adding to its sales and marketing teams to address market demand for culture alignment solutions.
"Companies are placing more emphasis on the asset that their corporate culture represents; not only in attracting top talent, but also driving workforce performance and employee retention," said Tim Wolters, CEO of RoundPegg. "RoundPegg remains committed to leading the industry in the development of groundbreaking solutions that enable organizations to better understand and manage their unique cultures as well as fully leverage its advantages. This oversubscribed round validates the strength of our solutions and our potential to bring further innovation to this burgeoning category through growth capital."
About Access Venture Partners
Access Venture Partners (www.accessvp.com) invests in early stage technology companies based primarily in the Rocky Mountain Region. Founded in 1999, we have invested in over fifty early stage companies, participating in some of the region's most innovative and fastest growing companies. In addition to backing some of the top rising stars, we have a history of backing the same entrepreneurs on their new ventures. Our deep and extensive network of entrepreneurs, corporate executives and investors from leading venture and growth equity firms, provide our companies with a competitive advantage at all stages of growth. We provide significantly more value that just capital and have a proven ability to help our companies grow rapidly, raise capital and achieve successful exits.
About Point B Capital
Point B Capital ("PBC") is an emerging venture capital fund that invests in early-stage companies who appreciate our entrepreneur-friendly, value-add consultative approach. PBC is a subsidiary of Point B Inc, which operates Point B Consulting, a management consulting firm founded in Seattle, Washington in 1995. We collectively augment our skills and network by leveraging the expertise, relationships, and horsepower of Point B's world class management consulting firm to help foster portfolio company growth.
About Dundee Venture Capital
RoundPegg joins the 25+ companies that Omaha, Neb.-based Dundee Venture Capital has invested in since its start in 2010. Dundee invests in e-commerce and software-as-a-service companies with a strong founding team and a scalable solution to a unique problem. The venture capital firm's investments are between $50,000 and $500,000. To learn more about Dundee Venture Capital, visit dundeevc.com.
RoundPegg is the future of culture management and allows companies to manage culture from the cloud. Tackling the problems that hinder business performance, the socially centered web-apps from RoundPegg make it possible to measure, manage and monitor your company's unique culture by pulling the levers to hire, develop and engage your employees in alignment with the culture.
Headquartered in Boulder, Colo., RoundPegg has earned the distinction of being named a Cool Vendor by Gartner and driven ROI through culture for every customer. For more information, please access www.roundpegg.com