Next Jump is a company.
Next Jump has raised $20.0M across 1 funding round.
Key people at Next Jump.
Next Jump has raised $20.0M in total across 1 funding round.
Next Jump is a technology company founded in 1994 that provides employee discount and rewards platforms, partnering with over 30,000 merchants to deliver special pricing and perks to employees of major corporations, including over 70% of the Fortune 1000.[1][2][6] Its core products include employee savings programs for Fortune 500 clients like Dell, Hilton, and Mastercard, as well as performance management tools and apps; the company has grown to around 200 employees across offices in New York (headquarters), Boston, San Francisco, and London, achieving $2.5 billion in sales by emphasizing a unique culture of personal development over traditional metrics.[2][4][6] What sets Next Jump apart is its "Better Me + Better You = Better Us" philosophy, prioritizing employee growth, lifetime employment, and community impact, which has driven fivefold sales growth since 2012 alongside high retention and profitability.[2][4]
Next Jump was started in 1994 by Charlie Kim from his Tufts University dorm room as a print coupon book business called The Collegiate Web, targeting college campuses and later corporate employees through HR partnerships to provide local merchant discounts.[1][3][5] Financially strained and on aid, Kim shifted to an online model by 1997 to cut print costs and enable real-time offer updates, evolving into digital discount programs for corporations, powering platforms like Yahoo’s Daily Deals and apps such as Overwhelming Offers.[1] Pivotal moments include raising $45 million stealthily over eight angel rounds (backers like Ram Shriram and Kevin Parker joined the board), emerging publicly around 2010 due to scale, and in 2012 adopting a "No Firing Policy" as culture became the core strategy, leading to recognition as a Deliberately Developmental Organization by Harvard Business Review in 2016.[1][2]
Next Jump rides the trend of purpose-driven workplaces amid rising demands for employee well-being, mental health, and retention in tech, where turnover often exceeds 20-40%; its model proves high performance (e.g., outsized growth) without firings, influencing HR tech by prioritizing development over hierarchy.[2][4][6] Timing aligns with post-2010 remote/hybrid shifts and 2020s Great Resignation, where firms seek sticky perks like discounts (reaching millions via Fortune 1000) to boost loyalty amid talent wars.[1][2] Market forces favoring it include e-commerce affiliate booms and corporate wellness mandates, positioning Next Jump as an ecosystem shaper—its open-source training inspires other firms, while client scale amplifies savings/rewards trends, humanizing tech giants.[1][4]
Next Jump's influence will likely expand through scaling its open development resources (e.g., YouTube programs) and global offices, potentially licensing culture tools or entering AI-driven personalization for discounts amid e-commerce growth.[2][4] Trends like AI-enhanced employee engagement, hybrid work perks, and ESG-focused investing will propel it, evolving from stealth coupon startup to a blueprint for profitable, human-centric tech firms. As Charlie Kim envisioned, this "elephant under the haystack" now leads by example, redefining success beyond exits or firings.[1][4]
Key people at Next Jump.
Next Jump has raised $20.0M in total across 1 funding round.
Next Jump's investors include Sherpalo Ventures.
Next Jump has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Venture Round in December 2005.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2005 | $20.0M Venture Round | Sherpalo Ventures |
