SocialChorus, Inc.

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SocialChorus, Inc. - overview

Established

2008

Location

San Francisco, CA, US

Primary Industry

Software

About

SocialChorus, Inc. specializes in enhancing workforce communication and engagement through a personalized intelligent platform, delivering tailored content that optimizes employee experiences across various channels. Founded in 2008 in San Francisco, US, SocialChorus, Inc. operates in the digital communication space, focusing on employee engagement solutions.


The company underwent a significant merger in June 2021 with Dynamic Signal, Inc. , further broadening its service offerings. Jonathan Cohen and Nicole Alvino are the co-founders, with Gary Nakamura serving as the CEO. In total, the firm has completed 11 deals, with its most recent funding round being a Secondary Buyout in June 2021, led by Sumeru Equity Partners, amounting to USD 100.


00 mn, bringing the total amount raised to USD 100. 00 mn. SocialChorus offers a comprehensive intelligent communication platform that improves workforce orchestration and engagement through personalized strategies. The platform delivers customized content to employees based on attributes like role and location, enhancing interactions through various channels such as email and mobile apps.


Key features include journey orchestration, facilitating personalized employee experiences at scale, and the platform caters primarily to large enterprises in industries like healthcare, manufacturing, and retail, with a presence in North America, Europe, and Asia-Pacific. SocialChorus generates revenue primarily through subscription-based models tailored to enterprise clients, typically involving annual or multi-year contracts. Pricing varies according to customization and user numbers, providing access to its suite of communication tools. The company's revenue model aligns with B2B services, establishing partnerships with platforms like ServiceNow and Microsoft to enhance its value to clients.


In light of the merger with Dynamic Signal in June 2021, SocialChorus is set to enhance its product development and customer service innovation. The company plans to launch new features aimed at advancing its digital employee experience offerings. Furthermore, it intends to expand into additional markets, specifically targeting regions in Asia and Europe by the end of 2023. The recent funding from the Secondary Buyout will support these initiatives, ensuring a robust investment in technological advancements and scaling operations.


Current Investors

Kohlberg Ventures, Windforce Ventures

Primary Industry

Software

Sub Industries

Market Research & Consulting, Web Applications, Social Networking & Communication Platform, Email, IT Security/Cybersecurity, Analytics & Performance Software, HR & Workforce Software

Website

www.socialchorus.com

Verticals

Cloud Computing, Mobile Apps

Company Stage

Growth Capital

Total Amount Raised

Subscriber access only

SocialChorus, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
MergerCompletedDynamic Signal, Inc., SocialChorus, Inc.-
GrowthCompletedSocialChorus, Inc.-
Secondary BuyoutCompletedSocialChorus, Inc.-

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SocialChorus, Inc. - employee data

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