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Mentorcliq Raises Over $80 Million To Grow Its Employee Mentoring Software And Services

Mar 09, 2023almost 3 years ago

Amount Raised

$80 Million

ColumbusHuman ResourcesSaasSoftware

Investors

Plymouth GrowthRev1 Ventures

Description

For years, Phil George was the executive sponsor of a mentoring program at McMaster-Carr, an industrial hardware supplier, where he spent weeks trying to match program participants with only scant information about them to go on. Employees often requested resources while mentors asked for training, and mentees wanted more guidance on goals. And as the program progressed, there weren’t reliable methods in place to measure success.

Company Information

Company

MentorcliQ

Location

595 S. 3RD ST.

Columbus, Mississippi, United States

About

Employee Mentoring Made Easy. MentorcliQ is a mentoring software solution that helps organizations launch, support, and grow high-impact employee mentoring programs. Our approach drives employee participation and satisfaction through an engaging user experience and supporting training resources. 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. MentorcliQ supports mentoring programs in more than 100 countries across 6 continents and is proudly improving the workplace for 2 Million employees and counting. The Association of Talent Development (ATD) and Brandon Hall have awarded MentorcliQ with Excellence in Practice and Best Technology in mentoring. MentorcliQ has been featured in TechCrunch, INC and Chief Learning Officer Magazine.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech