AC Client Plasticity Labs raises $2.1 million to boost employee morale

Plasticity Labs, a company that uses data analytics to measure workplace morale, announced that it has raised $2.1 million led by Fibernetics Ventures. The funds will be used for sales and development.

Plasticity was founded in 2012, three years after co-founder and CEO Jim Moss, a former professional lacrosse player for Colorado Mammoth, fell ill with swine flu and was also diagnosed with Guillain-Barre syndrome, an auto-immune disorder.

Moss says Plasticity, which focuses on rapid-growth small- to medium-sized businesses, differentiates through the frequency of its data collection and “by focusing on what inspires employees instead of what simply motivates them.” Plasticity surveys employees once a day, but with questions that only take a minute to answer and then uses that information to create programs that help increase workplace morale.

Plasticity says that in the past 12 months, the company has grown from one to 12 enterprise customers. It now has teams in 11 countries and plans to add employees in another 11. Moss says Plasticity is nine months ahead of its forecasted sales and is about to double its pricing model.

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Accelerator Centre Client Plasticity: "Why don't more Canadians attend South by Southwest?"

By: Jennifer Moss
Source: Globe and Mail

Plasticity

“Where are all my fellow Canadians?” It’s a question I asked myself as I wandered the trade show floor; as I collided with entrepreneurs from around the world, as I listened to a keynote by Edward Snowden, and attended a session comparing UX design to fly-fishing.

I couldn’t understand why more Canadians didn’t attend or speak at South by Southwest, (SXSW) arguably one of the world’s most important interactive festivals.

When my partner Jim Moss, co-founder and CEO of Plasticity, announced that we would be speaking at SXSW for the third time, we received an onslaught of responses on Facebook. Many people wondered how we managed to land such an opportunity. When I asked startups why they weren’t attending, the two biggest reasons were the cost of attending and the difficulty of being accepted.

I agree. SX is expensive. Flights cost a ridiculous amount and the gouging doesn’t end there: festival passes and accommodations are also pricey, especially in the city core. However, booking months ahead can reduce costs, and this year, an extended shuttle service made it cheaper to get in and out of the conference. As a budget-conscious startup, we took advantage of this new mode of transport and opted to stay on the outskirts of the city.

It also isn’t easy to get accepted as a speaker. In fact, it’s actually incredibly difficult. You have to apply a year out and be ready to deliver a story that is impactful, innovative, thought-provoking and valuable. Oh, and you also compete against 3,600 others, with the understanding that fewer than 10 per cent of applicants will make the cut.

Read the rest of Jennifer’s post – including her guiding principles for the application process – on the globeandmail.com.