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- Simpplr
Simpplr Valuation, Funding & Investors
Simpplr is valued at $252M as of July 2021.
Last Simpplr valuation
$252M
Series C · Jul 2021
Last Simpplr funding round
$70M
Series D · May 2023
Cumulative funding Simpplr raised
$131M
across 6 funding rounds
Key investors in Simpplr
Salesforce Ventures
Norwest
Tola Capital
Still Venture Capital
Sapphire Ventures
Ken Comée
About Simpplr
Simpplr is a Silicon Valley-headquartered AI platform unifying employee communications, intranet services, and workflow automation for over 1,000 organizations including AAA, NHS, Penske, and Moderna. The solution integrates with Microsoft Teams, Slack, and HR systems to deliver personalized content feeds, knowledge bases, and service portals. Global offices support deployment in hybrid work environments.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$252M (Jul 2021)
Simpplr Valuation
Simpplr is currently valued at $252M, based on its Series C in July 2021.
The $32M round was led by Tola Capital, with participation from Salesforce Ventures, Still Venture Capital and Norwest.
Simpplr valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Series C | $252M |
Simpplr Funding History
Simpplr has raised a total of $131M across 6 funding rounds.
Simpplr's first fundraising round was a $6M Series A in September 2016. The most recent completed round was a $70M Series D in May 2023.
Simpplr funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series D | Sapphire Ventures (lead); Salesforce Ventures; Tola Capital; Norwest | $70M | - | Simpplr, based in Redwood City, California, with offices in the UK, Canada, and India, provides an AI-powered employee experience platform that simplifies internal communications, fosters employee connections, and delivers real-time insights into engagement, sentiment, and productivity. The platform serves over 700 leading brands across more than 30 industries, including Snowflake, Moderna, Eurostar, Penske, and AAA, supporting over one million users worldwide and helping companies achieve measurable gains in retention, productivity, and talent acquisition through features like SmartWriting powered by OpenAI's ChatGPT and active/passive listening analytics. In May 2023, Simpplr raised $70 million in a Series D funding round led by Sapphire Ventures, with participation from Norwest Venture Partners, Tola Capital, and Salesforce Ventures, bringing total funding to over $131 million. The capital is earmarked for accelerating AI innovation, product development, workforce expansion to around 450 employees, and sustaining growth amid a tech slowdown, as the company's diversified industry exposure and operational discipline insulated it from broader market challenges. Jai Das from Sapphire Ventures joined the board upon round closure. At the time, Simpplr reported plans for 70% year-over-year ARR growth or higher in the next 12 months, crediting its AI-first approach in a competitive landscape including Workday and ServiceNow. Previously, in 2021, it raised $32 million in Series C led by Tola Capital with Norwest, Salesforce Ventures, and George Still Ventures. The Series D underscores strong demand for modernizing outdated intranets into personalized EX solutions amid rising focus on employee engagement and hybrid work. |
| Jul 2021 | Series C | Tola Capital (lead); Salesforce Ventures; Still Venture Capital; Norwest | $32M | $252M | Simpplr is an employee communications and enablement platform that provides a modern intranet solution to connect employers and employees through multi-level communications, personalized content access, and consumer-grade UI design. Founded in 2015 by Dhiraj Sharma and Piyush Rajput, the company disrupts traditional one-way intranet systems, helping enterprises like Nutanix manage large workforces with streamlined content management and agile organizational adaptations. On July 14, 2021, Simpplr raised $32 million in a Series C funding round led by Tola Capital, with participation from Norwest Venture Partners (which led the prior Series B), Salesforce Ventures, and George Still Ventures, bringing total funding to over $61 million. The Series C investment aims to accelerate product innovation, expand go-to-market and development teams, and enhance AI-backed features for hybrid workplaces, including new communication tools and experiences. Tola Capital principal Eddie Kang joined the board, emphasizing Simpplr's role in hybrid work by streamlining multi-channel communications and delivering quick value to enterprise customers. In 2020, Simpplr added over 100 enterprise customers such as Talend, UKG, Genesys, Penske, and Cloudera, quadrupling in size over the prior two years, and earned recognition as a leader in Forrester's Intranet Platforms Wave and a Gartner Cool Vendor in 2021. Forge Global lists the Series C post-money valuation at $252.44 million with a price per share of $6.97. Subsequent developments include a Series D round in May 2023 raising $70 million led by Sapphire Ventures at a $547.06 million valuation, with continued participation from existing investors, and total funding reaching $131.38 million to date. |
| Aug 2020 | Series B | Norwest (lead); Salesforce Ventures | $10M | - | Simpplr raised $10 million in its Series B funding round on August 11, 2020, led by Norwest Venture Partners with participation from Salesforce Ventures. The funding brought the company's total capital raised to nearly $30 million at that time. Simpplr provides AI-powered modern intranet software focused on improving internal communications, employee collaboration, and productivity, particularly in remote work environments. The investment supported accelerated product innovation, go-to-market expansion, and growth of its partner ecosystem. Simpplr was named a Leader in the Forrester Wave™ for Intranet Platforms, Q2 2020, earning top scores for personalization of communications and content delivery. Customers including AAA, Eurostar, Leukemia & Lymphoma Society, Quantcast, and Splunk used the platform to streamline internal communications and enhance employee connections. Norwest Venture Partners, a returning investor and board member via Promod Haque, highlighted Simpplr's reimagined intranet approach built on AI with superior user experience. |
| Jun 2019 | Series B | Salesforce Ventures; Still Venture Capital; Norwest | $5M | - | - |
| Mar 2018 | Series B | Norwest (lead); Salesforce Ventures; Ken Comée | $8M | - | - |
| Sep 2016 | Series A | Norwest (lead); Salesforce Ventures | $6M | - | Simpplr is an employee success and experience platform founded in 2014 and based in Redwood City, California. The company develops modern intranet and employee communication software designed to help enterprises engage and connect their workforce, featuring AI-powered content management and employee self-service capabilities. In September 2016, Simpplr closed a $6 million Series A funding round led by Norwest Venture Partners, with participation from Salesforce Ventures. The funding was announced to accelerate development of the flagship Simpplr Employee Community product and expand the Simpplr Employee Help Desk, a Salesforce Bolt Solution designed to enable employee self-service and automate cross-department workflows. Founder and CEO Dhiraj Sharma highlighted the company's partnership with leading investors as critical to scaling operations within the Salesforce ecosystem. At the time of the Series A round, Simpplr had been bootstrapped since its 2014 founding. The company subsequently raised additional funding across multiple rounds—$10 million in Series B (August 2020), $32 million in Series C (2021), and $70 million in Series D (2023)—bringing total funding to over $131 million. The platform has since been adopted by major enterprises including Nutanix, Snowflake, Moderna, Eurostar, and AAA, serving over one million users globally across North America, EMEA, and APAC regions. |
Who has invested in Simpplr?
6 investors have backed Simpplr across its funding rounds, including Salesforce Ventures, Norwest, Tola Capital, Still Venture Capital, Sapphire Ventures and Ken Comée.
Lead investors include Sapphire Ventures, Tola Capital and Norwest.
Simpplr Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Participant | Sep 2016 | ||
| 6 | Lead | Sep 2016 | ||
| -- | 2 | Participant | Jun 2019 | |
| 2 | Lead | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 6 Simpplr investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Simpplr
Simpplr has acquired 1 company to date.
Last acquisition by Simpplr was on September 19th 2023. Simpplr acquired Socrates.AI for undisclosed valuation.
Latest Acquisitions by Simpplr
| Description | Socrates.AI is a provider of artificial intelligence platforms addressing employee experience, IT security, and software adoption in enterprises. The solutions apply natural language processing to analyze employee feedback, detect insider threats, and recommend personalized training paths. Socrates integrates with HR systems like Workday and security tools such as Okta for proactive risk mitigation. Companies use the platform to reduce churn by identifying disengagement signals early and streamline compliance training delivery. Headquartered in San Francisco, Socrates.AI serves Fortune 1000 clients across technology and finance sectors. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 19 Sep 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Simpplr acquisitions and their M&A valuation multiples. Start Free Trial | |
Simpplr Competitors
Simpplr competitors include listed companies like 8x8 and CM.com, and private ones like Workleap, Blink, Glue and Maven AGI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $365M | 3.6x | ||
| Private | $21M | - | $100M | 4.8x | ||
| Private | - | - | $100M | - | ||
| Private | $7M | - | $250M | 35.7x | ||
| Publicly listed | $736M | $52M | $260M | 0.7x | ||
| Publicly listed | $299M | $29M | $264M | 1.1x |
Simpplr Public Comps
Simpplr is still privately-owned, but its public comps include 8x8, CM.com, Streamwide, Text SA, Netcall, Cerillion, Beijing Seeyon Internet, Route Mobile, Selvas AI and Tecnotree.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $736M | $52M | 0.7x | 0.7x | 10.2x | 5.7x | |||
| $299M | $29M | 1.2x | 1.1x | 11.9x | 12.8x | |||
| $30M | $16M | 8.6x | 8.2x | 15.8x | 14.0x | |||
| $87M | $41M | 2.9x | 2.9x | 6.3x | 6.0x | |||
| $64M | $11M | 4.1x | 3.3x | 24.8x | 15.5x | |||
| $61M | $31M | 4.3x | 4.2x | 8.5x | 9.7x | |||
| $135M | ($32M) | 1.8x | 1.8x | (7.5x) | - | |||
| $460M | $44M | 0.5x | 0.4x | 4.8x | 3.8x | |||
This data is available for Pro users. Sign up to see all Simpplr competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Simpplr
| When was Simpplr founded? | Simpplr was founded in 2014. |
| Where is Simpplr headquartered? | Simpplr is headquartered in San Francisco, CA, United States. |
| Is Simpplr publicly listed? | No, Simpplr is a private, VC-backed company. |
| What is Simpplr's valuation? | Simpplr was last valued at $252M in its Series C in July 2021. |
| How much funding has Simpplr raised? | Simpplr has raised $131M across 6 funding rounds. |
| What was Simpplr's last funding round? | Simpplr's last funding round was a $70M Series D in May 2023, led by Sapphire Ventures. |
| Who are Simpplr's investors? | Simpplr's investors include Salesforce Ventures, Norwest, Still Venture Capital, Tola Capital, Ken Comée and Sapphire Ventures. |
| Which companies are comparable to Simpplr? | Companies comparable to Simpplr include Workleap, Blink, Glue, Maven AGI, 8x8 and CM.com. |
| How many companies has Simpplr acquired? | Simpplr has acquired 1 company, including Socrates.AI. |
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