Praxis Labs announced a $3.2 million Seed round of VC for its VR-based diversity and inclusion learning app.
“The platform simulates first-hand incidents of bias and discrimination in the workplace from the perspective of either an employee who encounters bias or discrimination firsthand, or of a co-worker who is complicit in the encounter…. Leveraging perspective-taking immersive learning experiences, Praxis Labs’ 30-minute learning modules included in 6-month and 12-month program packages help employees build empathy and create sustained behavior change. Focused on impact, Praxis Labs has partnered with large-scale organizations including eBay, Amazon, Google and Uber to help make their workplaces – and ultimately, society – more equitable.”from the Praxis Labs press release
While diversity, equity, and inclusion are garnering attention across the business landscape, relatively no investment in HR/work technology solely focused on the issues in 2020. We only tracked USD $9 million across four deals that were strictly focused on D & I. This would not include tech products that have some capabilities focused on D & I, but not in their core focus.