Cloverleaf today announced that it has secured a Series A investment from ScOp Venture Capital to help the company accelerate support for large enterprise clients, expand its geographic reach and continue the push towards product-led growth. The company, which uses data to help companies build high-performing teams and scale professional and leadership coaching to their entire workforce, recently passed half a million users.
Cloverleaf is based out of their office in Covington KY and has received previous funding from Queen City Angels, Stout Street Capital, Connetic Ventures, KSTC, Mucker Capital and Airwing VC; all of which continued their investment in this Series A funding.
“The current challenges that COVID has brought to the workplace has led employers to look to technology solutions like Cloverleaf to help employees collaborate effectively while they are working remote,” said Kevin O’Connor, Managing Partner at ScOp Venture Capital. “We are excited to be investing in this concept at this pivotal moment of how work gets done.”
Among Cloverleaf’s capabilities is the ability to apply data analytics to commonly used personality and strength-based assessments to help companies identify career development and promotion opportunities, and create teams that will work well together.
Cloverleaf’s team building and micro-coaching software was inspired by the co-founders own work experience, which they now use to target markets where teams are most critical to the success of businesses such as software development, sales, consulting and human resources.
“Our co-founders met years ago working together as an awesome team,“ Kirsten Moorefield, Co-founder said. “We enjoyed coming to work and enjoyed the people we worked with, which led to incredible results. We recognized that not everyone has that experience so we created a technology that can help replicate our experience. At our core, we believe everyone is wired to accomplish excellent, meaningful work, and our best work happens when we’re on a team that plays to our strengths and differences. Our incredible group of investors believe in this mission and is now helping us achieve that vision.”
This round of funding will help accomplish that vision by continuing to expand the community of leadership, business and executive coaches. Cloverleaf expects to quadruple the number of coaches using the platform in 2021.