Investments
76Portfolio Exits
1Funds
9Latest Lachy Groom News
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.
Lachy Groom Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/7/2022 | Series B | Ethena | $30M | No | Claire Johnson, Felicis, Gretchen Howard, Homebrew, Jack Altman, Mathilde Collin, NEO Ventures, Undisclosed Investors, and William Hockey | 2 |
6/1/2022 | Series B | WorkOS | $80M | No | Abstract Ventures, Greenoaks Capital Management, Lightspeed Venture Partners, and Undisclosed Angel Investors | 7 |
5/23/2022 | Series B | Meter | $38M | Yes | Allen & Company, Claire Thielke, Diane Greene, John Bicket, John Collison, Patrick Collison, Reid Hoffman, Sam Altman, Sam Hinkie, Sanjit Biswas, Scott Belsky, Sequoia Capital, Tishman Speyer Properties, Tobi Lutke, Undisclosed Investors, and WndrCo | 3 |
5/10/2022 | Series B | |||||
5/3/2022 | Series A |
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 | ||
Amount | $30M | $80M | $38M | ||
New? | No | No | Yes | ||
Co-Investors | Claire Johnson, Felicis, Gretchen Howard, Homebrew, Jack Altman, Mathilde Collin, NEO Ventures, Undisclosed Investors, and William Hockey | Abstract Ventures, Greenoaks Capital Management, Lightspeed Venture Partners, and Undisclosed Angel Investors | Allen & Company, Claire Thielke, Diane Greene, John Bicket, John Collison, Patrick Collison, Reid Hoffman, Sam Altman, Sam Hinkie, Sanjit Biswas, Scott Belsky, Sequoia Capital, Tishman Speyer Properties, Tobi Lutke, Undisclosed Investors, and WndrCo | ||
Sources | 2 | 7 | 3 |
Lachy Groom Portfolio Exits
1 Portfolio Exit
Lachy Groom has 1 portfolio exit. Their latest portfolio exit was Embed on June 21, 2022.
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 | ||||
11/16/2020 | LGF Exasperate Quarrel | ||||
11/13/2020 | LGF Summary Constellation | ||||
8/14/2020 | LGF Clinking Magnificence |
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 | ||||
Sources | 1 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.