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Angel Investor (Individual)

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Investments

76

Portfolio Exits

1

Funds

9

About Lachy Groom

Lachy Groom is the previous Head of Stripe Issuing and is an angel investor based in San Francisco, California.

Lachy Groom Headquarter Location

San Francisco, California,

United States

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Latest Lachy Groom News

Modern Compliance Training Startup Ethena Announces $30 Million Series B

Jun 8, 2022

On Jun 8, 2022 Ethena, a modern compliance training platform, announced it raised a $30 million Series B, led by Lachy Groom, with participation from existing investors including Felicis, Neo, Homebrew, and others. They’ve also welcomed angel investors including Jack Altman, Mathilde Collin, William Hockey, Gretchen Howard, and Claire Johnson. It will use the capital to build out additional compliance product lines and expand its core training technology. “Businesses are held to a much higher standard than ever before. Employees expect companies to build inclusive and ethical workplaces — and compliance, when done right, does exactly that,” said Roxanne Petraeus , CEO and co-founder of Ethena. “Modern companies don’t want to just ‘check the box,’ they want to use data-driven approaches to educate employees and spot issues proactively. This latest round of support allows us to continue building out a compliance operating system designed for today’s teams.” When the company was founded in 2019, it was clear that the old way of doing compliance training — dated videos sent out yearly — wasn’t working. According to a Gallup poll, only 10% of employees strongly agree that they learned something from their compliance training. In contrast, Ethena’s solution, which delivers digestible training over time, is highly effective: For example, learners who completed Ethena’s Harassment Prevention training reported a 61% increase in confidence intervening on behalf of a colleague. The company applies its innovative content and delivery method — bite-sized compliance trainings delivered over time via Slack or email— to a variety of topics. These range from Code of Conduct, to diversity, equity and inclusion to hiring and interviewing. More than 50,000 active users from companies including Netflix, Zendesk, Carta, and Figma complete training activities on the platform each month. “Ethena’s superpower is in delivering training such that people actually learn. Yes, it’s key that training is bite sized, delivered when it’s maximally impactful, with modern, relevant content – but the real impact comes from designing for efficacy. That’s dramatically different from how things used to be done,” added Frances Frei, Professor of Technology and Operations Management at Harvard Business School and a member of Ethena’s Advisory Board. “I believe in tackling entrenched problems, and Ethena embodies a first principles approach to solving an issue that is both painful but crucial for all businesses,” Groom said. “From our very first meeting it was clear there were parallels to the experience we had at Stripe. Ethena transforms what’s currently just a pain point– compliance obligations – and turns that into an opportunity.” “With new regulations, compliance training has gotten more complicated; at the same time the evolving workplace has made it more necessary than ever,” said Victoria Treyger, Ethena Board member and General Partner at Felicis Ventures. “What Ethena does is the ultimate balancing act—making compliance training effective and engaging while also meeting regulatory requirements. We’re proud to support Ethena as they continue to be pioneers in this space.”

Lachy Groom Investments

76 Investments

Lachy Groom has made 76 investments. Their latest investment was in Ethena as part of their Series B on June 6, 2022.

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Lachy Groom Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/7/2022

Series B

Ethena

$30M

No

2

6/1/2022

Series B

WorkOS

$80M

No

7

5/23/2022

Series B

Meter

$38M

Yes

3

5/10/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

5/3/2022

Series A

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$99M

Subscribe to see more

10

Date

6/7/2022

6/1/2022

5/23/2022

5/10/2022

5/3/2022

Round

Series B

Series B

Series B

Series B

Series A

Company

Ethena

WorkOS

Meter

Subscribe to see more

Subscribe to see more

Amount

$30M

$80M

$38M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

7

3

10

10

Lachy Groom Portfolio Exits

1 Portfolio Exit

Lachy Groom has 1 portfolio exit. Their latest portfolio exit was Embed on June 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/21/2022

Acquired

$99M

6

Date

6/21/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

6

Lachy Groom Fund History

9 Fund Histories

Lachy Groom has 9 funds, including LGF Flourishing Proclamation.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/1/2020

LGF Flourishing Proclamation

$1.53M

1

11/18/2020

LGF Lengthening Kinship

$99M

10

11/16/2020

LGF Exasperate Quarrel

$99M

10

11/13/2020

LGF Summary Constellation

$99M

10

8/14/2020

LGF Clinking Magnificence

$99M

10

Closing Date

12/1/2020

11/18/2020

11/16/2020

11/13/2020

8/14/2020

Fund

LGF Flourishing Proclamation

LGF Lengthening Kinship

LGF Exasperate Quarrel

LGF Summary Constellation

LGF Clinking Magnificence

Fund Type

Status

Amount

$1.53M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

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