Cloverleaf raises $7.3 million to advance workplace coaching platform
Cloverleaf, a Cincinnati-based provider of automated coaching technology, has raised $7.3 million in a Series A extension. Cloverleaf says it will use the new funding to extend its core automated coaching solution into even more areas of professional development, bringing out the best in workers and teams.
Leveraging data from behavioral assessments such as DISC and Enneagram, Cloverleaf provides personalized coaching tips to team members directly within popular communication and collaboration tools like Google Workplace, Microsoft 365, Slack, and Microsoft Teams.
Customers of Cloverleaf include Procter & Gamble, Goodyear, Harvard University, Google, Kroger, and the United States Air Force.
The round brings Cloverleaf’s total funding to $20 million and was led by Advantage Capital with participation from Conductive Ventures, Origin Ventures, ScOp Venture Capital, JobsOhio, Cintrifuse Capital, and 1809 Capital.
Cloverleaf says it has tripled revenue since its $9 million Series A round in June 2022.
What it means to Ohio
Cloverleaf says support in Ohio has been instrumental to its growth and prompted a move from Covington, Kentucky to downtown Cincinnati in 2022.
Queen City Angels has been a Cloverleaf investor since 2018 and Cintrifuse Capital joined the most recent round.
Cloverleaf says JobsOhio made an introduction to Advantage Capital, reports CincyInno.
Cloverleaf is among the fastest-growing companies in Ohio and made the Inc. 5000 list in 2023 with growth of 1,243% over a three-year period.
Cincinnati-based Kroger and Procter & Gamble are among the company’s customers.
What they are saying
"High-performing organizations spend heavily on various professional development efforts as a way to upskill their current workforce and help employees realize their potential as a key part of retention and engagement efforts. We aim to bring organizations a solution to provide a personalized development journey to everyone in the organization—not just senior leaders. The enterprise needs development tools and platforms that scale to the entire organization and aren't just a one-size-fits-all program."
- Cloverleaf Co-founder and CEO Darrin Murriner
"We hear over and over from Talent, Development, and Learning leaders that they are disappointed with low engagement in digital learning programs, or struggling with the high cost of more hands-on approaches. That's why we've built Cloverleaf to be short nudges dripped into the flow of work, so that people can be learning in the moment they need to apply and grow. Our secret sauce has been in how personalized our coaching is—it truly understands each person and what they need to learn in that moment."
- Cloverleaf Co-founder and COO Kirsten Moorefield
"Cloverleaf is a truly innovative company changing the way businesses approach skills development for employees while also making a positive impact. We are pleased to be a part of this round of financing and provide this growth-ready business with catalytic capital to continue its impressive path forward."
- Joe Henderson, Vice President, Advantage Capital
