We are excited and have been waiting to share this news with you all for a while now. Our Series A funding round, led by Greycroft, has been a huge success and helped us raise $8 million. This brings the total amount of funds raised by us to $10 million and we cannot thank our investors enough.
The funding round included personal investments from Jim Moffatt, ex-Chairman/CEO of Deloitte Consulting; Alan Patricof, Chairman of Greycroft; Adam Miller, Founder of Cornerstone OnDemand; and Samir Bodas, Founder, Icertis. We’re also happy to welcome Mark Terbeek, partner at Greycroft, who will be joining Leena AI’s board.
Read on for a short introduction to our massively supportive investors.
Alan Patricof, Chairman Emeritus & Co-Founder, Greycroft: A longtime innovator and advocate for venture capital, Alan Patricof is the founder and managing director of Greycroft. He entered the industry in its formative days with Patricof & Co. Ventures Inc., a predecessor to Apax Partners who are now one of the world’s leading private equity firms with $41 billion under management. He stepped back from the daily administration and operational aspects of Apax Partners, LP in 2004 to concentrate on a group of small venture deals on its behalf. In 2006, he founded Greycroft Partners, a venture capital firm with offices in New York and Los Angeles.
In his over four-decade-long career in venture capital, Alan has been instrumental in growing the venture capital field from a base of high net-worth individuals to its position today with broad institutional backing and has played a key role in the essential legislative initiatives that have guided its evolution.
Jim Moffatt, ex-CEO of Deloitte Consulting: Moffatt spent a major part of his professional career with Deloitte Consulting. He served as Vice Chairman of the global Consulting business from January 2018 up till his retirement at the end of 2018. Prior to retiring as at the end of 2018, Moffatt served as Chief Executive Officer of the global Consulting business of the parent (Deloitte Touche Tohmatsu LLC) for nearly three years. Under his leadership, Consulting was the fastest-growing business unit within Deloitte. Outside of Deloitte, Jim serves on several boards and committees including UCLA Anderson School, Optiv, SparkCognition, Kyriba, Bridgepoint LLC, Centre for Neuro Skills.
Adam Miller, Founder of Cornerstone OnDemand: Miller started Cornerstone in 1999 in his one-bedroom apartment to help people realize their potential. In 20 years of him being CEO, Adam grew the company to over 3,000 employees in more than 25 countries and delivered over one billion courses as the world’s premier people development company. Under his leadership, Cornerstone OnDemand became one of the largest talent management systems in the world. Today, Cornerstone OnDemand products are used by more than 7,000 organizations worldwide, empowering more than 75 million people in 192 countries.
Samir Bodas, Founder, Icertis: Samir and his team have established Icertis as the undisputed leader in the $20 billion contract lifecycle management (CLM) category, and in 2019 it became the first CLM company valued at over $1 billion. Prior to co-founding Icertis, Samir has handled multiple leadership roles at Microsoft and served as CEO for two IT service firms: Disha Technology and Aztecsoft, overseeing rapid growth followed by successful exits.
Ever since we graduated from Y-combinator, we have enabled AirAsia, Kohler, OnePlus, People Matters, The Coca-Cola Company, Sony, Vedanta, Vodafone to improve employee experience with the help of Leena’s conversational AI. This funding will go a long way in ensuring our momentum is maintained and we’re able to help the world’s top enterprises modernize their legacy internal helpdesk and improve the employee experience.
What lies ahead?
Thanks to our partners, customers, and team, 2020 has brought us a lot of happy news and that’s more than what most people can say for this year. We’ve welcomed on board more than 100 enterprise customers, including Lafarge Holcim, Abbott, Coca-Cola, AirAsia, Vodafone, Sony Pictures, added more than 150,000 employees to our platform, and seen revenue growth of 350%.
We plan to keep our track record consistent and use our new-found funding towards product enhancement. Our intention is to cover all major workflows and help modernize all the legacy workflows and processes throughout the employee lifecycle with the help of AI.
As a part of our continuous effort to make life easier for enterprise employees, we will also be onboarding resellers and building long-term partnerships.
We’re also in need of new teammates!
We started with just 25 people, but in the past 9 months, we have managed to grow to a team of 75. Believe us when we say this, we are a sane place to work at and are inviting applications across Sales, Business Development, Marketing, Engineering, and Customer Success. For those of you who are interested, follow the link: https://angel.co/company/leena_ai/jobs
A big thank you to Greycroft
We cannot quite put into words how thankful we are to our investors for showing faith in us and our capabilities.
Ever since graduating from Y-combinator, we’ve been lucky to have the support of some of the best investors in the US and India. Greycroft in particular, who led our latest round, has invested in companies like Braintree, Icertis, App Annie, and Segment prior.
We are particularly excited to welcome Mark Terbeek of Greycroft to our board. Previously, Mark was a partner with MK Capital, a venture fund based in Los Angeles and Chicago. Mark also co-founded Jamcracker Inc., an early SaaS pioneer where he served as its vice president of corporate development. He also worked at McKinsey & Co., a management-consulting firm.
Here’s to living up to the investors’ expectations and a lot more growth in the near future!
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