Butterfly, a NYC-based employee intelligence and management coaching software, raised $2.4m in seed funding.
The round was led by Daphni, with participation from Tectonic Capital, Precursor Ventures, Laurent Schwartz, co-founder of ALTEN, and Brandon Evans, the founder of Crowdtap (representing FoundersGuild). In conjunction with the funding, Marie Ekeland, co-founder of Daphni, will join Butterfly’s Board of Directors.
Shareholders from previous rounds include Keith Teare, Founder of Accelerated Digital Ventures and co-founder of TechCrunch, and Jeremy Le Van, co-founder of Sunrise Calendar (acquired by Microsoft).
The company intends to use the funds to continue to develop the platform and expand the team.
Co-founded by David Mendlewicz, Simon Rakosi, and Marcus Perezi-Tormos, Butterfly provides an employee intelligence platform that allows managers to gather feedback from their teams in real-time based on the key factors influencing workplace engagement as determined by advisors from The University of Oxford and Columbia University. Through regular pulse surveys, managers can act on feedback and improve their soft skills through the ongoing guidance of an artificially intelligent leadership coach, which leverages an organization’s existing learning and development content or content that Butterfly licenses.
Users include GE, Citibank, Ticketmaster, and Jet.com, among others.