Leadership Circle Raises $20 Million
Today Leadership Circle (Salt Lake City) announced it has raised $20 million in financing from private investment firm, RF Investment Partners (Chicago, New York, and Dallas). The investment will be used to further develop the leadership development company’s platform and SaaS capabilities, scale its executive coaching offerings, and support self-serve options for leadership assessment and development.
“We’re fully-aligned with Leadership Circle’s vision of using technology to bring transformational leadership development and high-performance team development to the world of business,” said Peter Rothschild, Co-founder and Managing Partner of RF Investment Partners. “The current reality of leadership leads the world’s CEOs into uncharted territories. We believe the Leadership Circle platform provides the direction leaders need to stay on course and chart new ones where needed, and we’re excited to be a part of their continued growth.”
Leadership Circle provides a combination of services and products to help executives increase their leadership and team effectiveness and their organization’s ability to thrive in ever-changing conditions. After taking a leadership assessment, users can deepen their self-awareness and identify areas for further development through "one-on-one coaching with world-class experts who use data to position leaders for success." The company has over 10,000 Certified Practitioners who have supported more than 200,000 leaders in several industries including life science, commercial agriculture, medical, technology, financial, retail, government, manufacturing, NGOs, and more.
A major focus of development and investment in the coming years will be the company's proprietary platform, LeadTech, an online, asynchronous coaching platform for individuals and teams supported by AI and machine learning.
Leadership Circle's own data indicate that three out of four leaders globally still operate from a "reactive, non-scalable mindset—an issue further exacerbated by pandemic market volatility. Now, between an increasingly puzzling labor market fueled by the Great Resignation and what the World Economic Forum is coining a 'reskilling emergency,' leaders are facing a new host of challenges and must prioritize leadership development to be successful in the years ahead."
Since its founding almost four decades ago, Leadership Circle claims to have achieved double-digit revenue growth over the last four years. The company's literature indicates it works with nearly 40% of the companies in the Fortune 50, including Microsoft, Salesforce, Syngenta and Ernst & Young.
“Effective leadership is not just a competitive advantage anymore. It’s a critical ingredient in operating a business in the ‘next normal,’” said Bill Adams, CEO and Cofounder at Leadership Circle. “Through working with executives at some of the top Fortune 500 companies in the world, we are already seeing improving business results when managers and executives make leadership a conscious practice. We’re excited to bring this solution to a wider group of rising leaders through the development of our services and technology offering.”