Praxis Labs, a New York-based justice, equity, diversity and inclusion (JEDI) learning platform, raised $15.5M in Series A funding.
The round was led by Norwest Venture Partners and Emerson Collective with participation from Penny Jar Capital (anchored by Steph Curry), Concrete Rose Capital, SoftBank’s SB Opportunity Fund, Ulu Ventures, Precursor Ventures and Firework Ventures.
The company intends to use the funds to scale the platform, expand its learning journey library, add several key leadership roles and hire broadly within its units.
Led by CEO Elise Smith and CPO Heather Shen, Praxis Labs provides organizations with a platform to train and measure om justice, diversity, equity and inclusion (JEDI) through immersive learning experiences in Virtual Reality (VR) and actionable insights. Leveraging perspective-taking immersive learning experiences, the company’s 30-minute learning modules included in 6-month and 12-month program packages help employees build empathy and create sustained behavior change.
The Pivotal Insights dashboard analyzes aggregate data from every participant to deliver client administrators actionable insights into equity and inclusion at their organization, including the ability to highlight issues or areas of concern, as well as research-backed interventions to improve equitable outcomes.
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.
FinSMEs
20/10/2021