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Praxis Labs Raises $15.5M In Oversubscribed Series A Led By Norwest Venture Partners And Emerson Collective

PRIVATEOct 19, 2021

Amount Raised

$15.5 Million

Round Type

Series A

New YorkProfessional ServicesSoftware

Description

Praxis Labs, the leading justice, equity, diversity and inclusion (JEDI) learning platform designed to redefine work cultures through research-backed virtual reality (VR) experiences, announced today that it closed its oversubscribed Series A financing co-led by Norwest Venture Partners and Emerson Collective. A diverse group of investors participated in the round – including Penny Jar Capital (anchored by Steph Curry), Concrete Rose Capital, SoftBank's SB Opportunity Fund, Ulu Ventures, Precursor Ventures, and Firework Ventures.

Quick answer

Praxis Labs raised $15.5 Million in a Series A round, dated October 19, 2021. Praxis Labs is based in New York, United States.

How much did Praxis Labs raise?
Praxis Labs raised $15.5 Million in a Series A round on October 19, 2021.
What does Praxis Labs do?
Founded in 2019 by co-founders Elise Smith (CEO) and Heather Shen (CPO), Praxis Labs is changing the way organizations train and measure on justice, diversity, equity and inclusion (JEDI) through immersive learning..
Where is Praxis Labs based and how big is it?
Praxis Labs is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Professional Services and Software around the same time

Companies in the same sectors as Praxis Labs that raised within 45 days of this round, from Fundz verified event records.

  • Rimsys raised $16M on December 2, 2021.
  • Venture Count raised an undisclosed amount (Corporate Round) on December 2, 2021.
  • Rimsys raised $16M (Series A) on December 2, 2021.
  • Thought Machine raised $200M (Series C) on November 29, 2021.
  • simPRO raised an undisclosed amount on November 23, 2021.
  • Zenwork raised $157M on November 23, 2021.

Who to call at Praxis Labs, and when

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Company Information

Company

Praxis Labs

Location

New York, United States

About

Founded in 2019 by co-founders Elise Smith (CEO) and Heather Shen (CPO), Praxis Labs is changing the way organizations train and measure on justice, diversity, equity and inclusion (JEDI) through immersive learning experiences in Virtual Reality (VR) and actionable insights on its learning platform. Leveraging perspective-taking immersive learning experiences, Praxis Labs' 30-minute learning modules included in 6-month and 12-month program packages help employees build empathy and create sustained behavior change. Focused on impact, Praxis Labs has partnered with large-scale organizations including eBay, Zoom, Amazon, Google and Target to help make their workplaces – and ultimately, society – more equitable. SOURCE Praxis Labs

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Praxis Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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