logo
logo

Praxis Labs Raises $15.5M In Oversubscribed Series A Led By Norwest Venture Partners And Emerson Collective

Oct 19, 2021•over 3 years ago

Amount Raised

$15.5 Million

Round Type

series a

Description

Praxis Labs, the leading justice, equity, diversity and inclusion (JEDI) learning platform designed to redefine work cultures through research-backed virtual reality (VR) experiences, announced today that it closed its oversubscribed Series A financing co-led by Norwest Venture Partners and Emerson Collective. A diverse group of investors participated in the round – including Penny Jar Capital (anchored by Steph Curry), Concrete Rose Capital, SoftBank's SB Opportunity Fund, Ulu Ventures, Precursor Ventures, and Firework Ventures.

Company Information

Company

Praxis Labs

About

Founded in 2019 by co-founders Elise Smith (CEO) and Heather Shen (CPO), Praxis Labs is changing the way organizations train and measure on justice, diversity, equity and inclusion (JEDI) through immersive learning experiences in Virtual Reality (VR) and actionable insights on its learning platform. Leveraging perspective-taking immersive learning experiences, Praxis Labs' 30-minute learning modules included in 6-month and 12-month program packages help employees build empathy and create sustained behavior change. Focused on impact, Praxis Labs has partnered with large-scale organizations including eBay, Zoom, Amazon, Google and Target to help make their workplaces – and ultimately, society – more equitable. SOURCE Praxis Labs

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech