Praxis Labs announced a $15.5 million Series A Round of venture capital for its virtual reality (VR) learning app that delivers justice, equity, diversity, and inclusion training. This brings its total raised to $18.7 million. The round was led by Norwest Venture Partners.
The platform simulates first-hand incidents of bias and discrimination in the workplace from the perspectives of either an employee encountering bias or discrimination firsthand, or of a co-worker playing the bystander or complicit in the encounter.
Praxis Labs lets employees practice responding in the moment, reflect on their decisions, apply their learning in the workplace, and provide confidential feedback on their experience. Through the dashboard, employees can set commitments to practice behaviors or interventions, and revisit certain incidents while reviewing their progress to becoming conscious and inclusive leaders. The Pivotal Insights dashboard analyzes aggregate data from every participant to deliver client administrators actionable insights into equity and inclusion at their organization, including the ability to highlight issues or areas of concern, as well as research-backed interventions to improve equitable outcomes.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
