MentorcliQ, a Columbus, OH-based employee mentoring software, announced a strategic growth investment of over $80 million, bringing MentorcliQ’s total capital raised to over $100 million,
The investment was from PSG, a leading growth equity firm, with participation from existing investors Rev1 Ventures and Plymouth Growth.
With the new growth investment, MentorcliQ plans to focus on:
· Accelerating innovation of products and services as MentorcliQ continues to deliver a solution in employee mentoring software
· Expanding diversity, equity, inclusion, and belonging offerings to meet the evolving demands of enterprises that support a more inclusive employee experience for all employees.
· Increasing the current MentorcliQ team of 120+ employees to meet the rising demand of Fortune 500 companies, 92% of which are actively mentoring their employees.
MentorcliQ supports enterprises globally in launching and maintaining high-impact employee mentoring programs aimed at strengthening the foundation of an organization’s infrastructure – its employee base.
“We are thrilled to partner with PSG to accelerate innovation, improve mentoring for our clients, and to leverage PSG’s expertise in mergers and acquisitions to expand our offering as we have with previous acquisitions of River Software and TERP Associates. With this new PSG partnership, we will aim to accelerate a better employee experience for millions of employees worldwide and help enterprises to better engage, develop, and retain their diverse talent,” said Phil George, CEO of MentorcliQ.
Company: MentorcliQ, Inc.
Raised: $80.0M
Round: Strategic Growth
Funding Month: March 2023
Lead Investors: PSG
Additional Investors: Rev1 Ventures and Plymouth Growth
Company Website: https://www.mentorcliq.com/
Software Category: Mentoring Software Solution
About the Company: MentorcliQ is a mentoring software solution that helps organizations launch, support, and grow high-impact employee mentoring programs. Its approach drives employee participation and satisfaction through an engaging user experience and supporting training resources. Its enterprise platform and mobile app leverage scientific matching and an award-winning approach to consistently deliver results to its global clients. MentorcliQ system makes it easy to manage multiple mentoring and talent development programs from a single place. MentorcliQ’s enthusiastic customers span Fortune 500 companies to Non-Profits. Companies like Deloitte, Honda, and JP Morgan Chase rely on MentorcliQ to power their talent development strategy through mentoring. The company supports mentoring programs in more than 100 countries across 6 continents and is proudly improving the workplace for 2 million employees and counting.
Source: https://www.businesswire.com/news/home/20230309005076/en/Leading-Employee-Mentorship-Software-MentorcliQ-Secures-Over-80-Million-Growth-Investment-from-PSG-to-Help-Enterprises-Globally-Build-More-Inclusive-Cultures-and-Reduce-Employee-Turnover