About Praxis Labs
Praxis Labs is a company based in Brooklyn (United States) founded in 2019 by Heather Shen and Elise Smith was acquired by Torch Leadership Labs in July 2025.. Praxis Labs has raised $18.7 million across 3 funding rounds from investors including Torch Leadership Labs, Norwest Venture Partners and Accenture Ventures. Praxis Labs offers products and services including Pivotal Practice and Pivotal Experiences. Praxis Labs operates in a competitive market with competitors including VirtualSpeech, Maxme, Fullbridge, Vani and Lifeed, among others.
- Headquarter Brooklyn, United States
- Founders Heather Shen, Elise Smith
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.7 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Torch Leadership Labs
& 9 more
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Employee Count
Employee Count
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Acquired by
Torch Leadership Labs
(Jul 10, 2025)
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Products & Services of Praxis Labs
Praxis Labs offers a comprehensive portfolio of products and services, including Pivotal Practice and Pivotal Experiences. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers quick AI simulations for practicing human skills with feedback.
Provides modules for leadership skill development through AI coaching.
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Funding Insights of Praxis Labs
Praxis Labs has successfully raised a total of $18.7M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(22 Feb 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Praxis Labs | Valuation | Accenture Ventures |
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| Oct, 2021 | Amount | Series A - Praxis Labs | Valuation | Norwest Venture Partners , Emerson Collective | |
| Feb, 2021 | Amount | Seed - Praxis Labs | Valuation | Open Opportunity Fund , Norwest Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Praxis Labs
Praxis Labs has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Torch Leadership Labs, Norwest Venture Partners and Accenture Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are managed by Accenture-backed firm in Dublin.
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Founded Year | Domain | Location | |
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Seed-stage funding is provided to innovative founder teams.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Praxis Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Praxis Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Praxis Labs Comparisons
Competitors of Praxis Labs
Praxis Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VirtualSpeech, Maxme, Fullbridge, Vani and Lifeed, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Virtual reality apps for public speaking & English language learning
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| domain | founded_year | HQ Location |
LMS platform for employee soft skills development is provided.
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| domain | founded_year | HQ Location |
Professional training programs are offered online and in-person for corporates.
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| domain | founded_year | HQ Location |
AI-powered coaching for communication skills is provided.
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| domain | founded_year | HQ Location |
Provider of a digital platform for employee development
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Praxis Labs
Frequently Asked Questions about Praxis Labs
When was Praxis Labs founded?
Praxis Labs was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Praxis Labs located?
Praxis Labs is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Praxis Labs?
Elise Smith is the current CEO of Praxis Labs. They have also founded this company.
Is Praxis Labs a funded company?
Praxis Labs is a funded company, having raised a total of $18.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.2M, raised on Feb 22, 2021.
What does Praxis Labs do?
Praxis Labs was founded in 2019 in Brooklyn, United States, as a provider of ARVR-based immersive learning solutions for enterprises. Workplace equity and inclusion are addressed through evidence-based JEDI curriculum. Micro skills in areas such as mentorships, interviewing, performance management, and team policy development are cultivated via real-life simulations. Operations focus on the edtech sector to support professional development.
Who are the top competitors of Praxis Labs?
Praxis Labs's top competitors include VirtualSpeech, Vani and Lifeed.
What products or services does Praxis Labs offer?
Praxis Labs offers Pivotal Practice and Pivotal Experiences.
Who are Praxis Labs's investors?
Praxis Labs has 10 investors. Key investors include Torch Leadership Labs, Norwest Venture Partners, Accenture Ventures, Ulu Ventures, and Emerson Collective.