Edison Partners is leading a $7.5 million growth investment in Emplify, the company announced Monday.
Based in Fisher, Ind., Emplify is a software-as-service-based platform that allows executives to ask, analyze and act on employee company feedback. The company, according to Edison Partners, has seen its revenue increase 450 percent in the past year.
Emplify plans to use the investment for product innovation and to continue to expand its customer base.
“While employee engagement is often viewed as a cornerstone to business growth and profitability, most employers remain unable to quantify this critical performance metric,” Edison Partners General Partner Ryan Ziegler said in a release. “Emplify is making employee engagement a best-practice key performance indicator supported with actionable insight. “
This marks the Princeton-based company’s third Midwest investment in the past four months, following announcements for funding for Chicago’s Bento for Business and the Grand Rapids, Mich.-based Blue Medora, which was reported two weeks ago.
