Automated Workplace Coaching Platform Triples Revenue, Expands Services to Further Help Organizations Maximize Employee Talent
Cloverleaf, the leading automated coaching technology designed to bring out the best in workers and teams, announced today that it has secured a $7.3 million Series A extension funding round. The investment was led by Advantage Capital with participation from Conductive Ventures, Origin Ventures, ScOp Venture Capital, JobsOhio, Cintrifuse Capital and 1809 Capital.
The company has tripled its revenue since its previous funding round in June 2022 and is expecting continued revenue growth with this new capital. This round brings Cloverleaf’s total funding raised to $20 million to date.
Cloverleaf will use the new financing to further support organizations by extending its core automated coaching solution into even more areas of professional development for everyone in the enterprise.
Cloverleaf, led by co-founders CEO Darrin Murriner and COO Kirsten Moorefield, is on a mission to empower companies in cultivating and retaining high-performing staff and teams, unlocking their full potential. By leveraging respected psychology data from behavioral assessments such as DISC and Enneagram, Cloverleaf provides personalized coaching tips to team members directly in the communication and collaboration tools they use every day, including Google Workplace, Microsoft 365, Slack, and Microsoft Teams.
“High-performing organizations spend heavily on various professional development efforts as a way to upskill their current workforce and help employees realize their potential as a key part of retention and engagement efforts. We aim to bring organizations a solution to provide a personalized development journey to everyone in the organization- not just senior leaders,” said Murriner. “The enterprise needs development tools and platforms that scale to the entire organization and aren’t just a one-size-fits-all all program.”
Over the past year, the Cloverleaf automated workplace coaching platform has undergone significant evolution to further improve personalization by integrating advanced, human-centered AI capabilities to enhance employees’ developmental journeys. Cloverleaf has also partnered and integrated with leading people and collaboration platforms in the industry such as the Microsoft suite and Workday.
“We hear over and over from Talent, Development, and Learning leaders that they are disappointed with low engagement in digital learning programs, or struggling with the high cost of more hands-on approaches,” said Moorefield. “That’s why we’ve built Cloverleaf to be short nudges dripped into the flow of work, so that people can be learning in the moment they need to apply and grow. Our secret sauce has been in how personalized our coaching is – it truly understands each person and what they need to learn in that moment.”
The platform works with major organizations to scale coaching and maximize employee talent. Successful partnerships include Workday, Cornerstone, Gallup, and Blanchard to further enhance its integration capabilities for the enterprise. Cloverleaf also helps workplace consultants and coaches access unique insights into the way people and teams work to help sustain and scale their practices.
“Cloverleaf is a truly innovative company changing the way businesses approach skills development for employees while also making a positive impact,” said Joe Henderson, Vice President, Advantage Capital. “We are pleased to be a part of this round of financing and provide this growth-ready business with catalytic capital to continue its impressive path forward.”
In 2023, Cloverleaf achieved recognition on the Inc. 5000 list as one of the fastest-growing companies in America, with an impressive 1,243% growth over a three-year period. Additionally, it clinched the title of the fastest-growing company in its region, ranking #1 in Cincinnati and #3 in Ohio. Further solidifying its success, Cloverleaf earned a place on Inc. magazine’s prestigious list of Best Workplaces for 2023.
