Praxis Labs
AcquiredBrooklyn, US · Founded 2019 · Delaware corporation · 10 employees on LinkedIn · 15 known investors
Praxis Labs is building tools and solutions to improve workplace experiences for all employees. The company focuses on addressing workplace pain points and creating more inclusive work environments.
Also known as Praxis Labs, Inc.
Founders & leadership
Praxis Labs was founded in 2019 by Elise Smith and Heather Shen.
Board

Investors · 15
Also in the syndicate · 3
Reported raises · per SEC filings
Form D private placements$18.7M disclosed across 1 of 2 rounds · 2021
▶$18.7MraisedNov 2021 · 10 investors · Other TechnologyRule 506(b)
- Jeffrey CroweDirector
- Elise SmithExecutive Officer, Director, Promoter
- Heather ShenExecutive Officer, Director, Promoter
- Offering amount
- $18.7M
- Amount sold
- $18.7M
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Praxis Labs is an enterprise learning company that delivers immersive, practice-based training for people leaders. Its platform combines short on-demand simulations, longer perspective-taking immersive courses and paired group discussion guides, with AI-powered coaching that gives learners real-time, research-backed feedback while they practice high-stakes workplace conversations. Product offerings have been described as Pivotal Practice, aimed at helping managers improve critical human skills, and Pivotal Experiences, 15-30 minute perspective-taking simulations designed to build empathy and provide a practice environment for workplace scenarios.
The company originated as a justice, equity, diversity and inclusion (JEDI) learning platform delivering research-backed virtual and mixed reality experiences. Its simulations placed employees in first-hand incidents of bias and discrimination in the workplace, either as the person encountering the behavior or as a bystander or complicit co-worker, allowing them to respond in the moment, reflect on their decisions, set commitments to apply behaviors at work and provide confidential feedback. An accompanying Pivotal Insights dashboard aggregated participant data to give client administrators reporting on equity and inclusion issues within their organization along with research-backed interventions.
Praxis Labs positions its platform for enterprise deployment: it states SOC-2 Type 2 certification, integrations with systems such as Workday, Docebo and Degreed, and certification as a minority-owned business by the National Minority Supplier Development Council. Its measurement approach emphasizes learner application data and observed behavior change rather than self-reported confidence.
Founding story
The company was conceived in the fall of 2018 at Stanford University, where Elise Smith and Heather Shen were completing master's programs. As women of color who had experienced and observed a lack of equity and inclusion at work, they saw an increasingly global and diverse workforce underserved by scalable, engaging and outcome-driven DEI learning. Before raising venture capital they interviewed more than 150 chief diversity officers, learning and development practitioners and immersive learning specialists, and self-funded through student grants and pitch competitions, acquiring paying clients for their first immersive learning module.
Business model
Praxis Labs sells its immersive learning platform to large enterprises as a workforce learning and development product. Its earlier virtual reality learning modules, running roughly 30 minutes, were packaged into 6-month and 12-month program packages for corporate clients, alongside an administrator-facing insights dashboard.
Subscription-style enterprise program packages; earlier offerings were sold as 6-month and 12-month learning programs built around immersive modules plus an analytics dashboard for client administrators.
Traction
Disclosed enterprise clients include eBay, Amazon, Google, Target, Etsy, ServiceNow, Uber and Zoom. The company reported client demand prior to institutional fundraising, having sold its first immersive learning module while the founders were still students, and its Series A in 2021 was described as oversubscribed.
Latest developments
In July 2025, Praxis Labs was reported to have been acquired by leadership coaching enterprise Torch, with the stated rationale of combining Torch's contextual coaching and organizational insights with Praxis Labs' AI coaching, practice and skill assessments. Co-founders Elise Smith and Heather Shen took roles at Torch as head of AI growth and head of AI product respectively, and the Praxis Labs team was incorporated into Torch.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Praxis Labs has been described as a leading justice, equity, diversity and inclusion learning platform using research-backed virtual reality, competing for corporate DEI and leadership training budgets that investors characterized as billions of dollars spent annually by Fortune 1000 companies on external DEI training. It has since repositioned around broader AI-powered human-skills and leadership practice.
Praxis Labs emphasizes perspective-taking immersive simulation rather than passive training content, real-time AI coaching designed with organizational psychology and learning science experts, and measurement of applied behavior change and learning ROI instead of self-reported confidence. Investors cited its use of virtual reality to build empathy as a differentiator in DEI training, and the company markets its ability to scale practice beyond the limited number of leaders reachable through facilitated workshops.
Technology
The platform pairs immersive simulation content, originally delivered in virtual and mixed reality, with generative-AI coaching that provides personalized real-time guidance and feedback during practice role-plays. Coaching design draws on organizational psychology and learning science expertise. Enterprise infrastructure includes SOC-2 Type 2 certification and integrations with learning and HR systems including Workday, Docebo and Degreed. An analytics layer, the Pivotal Insights dashboard, aggregates learner data into organizational reporting on equity and inclusion.
Go-to-market
Enterprise sales via demo requests, targeting corporate learning, talent development and DEI functions that need to scale training beyond in-person workshops. The company cites named blue-chip logos and positions itself as a certified minority-owned supplier for corporate supplier-diversity programs.
Large enterprises, including Fortune 100 and Fortune 500 organizations, sold to HR, learning and development, talent development and chief diversity officer buyers. Learners are people managers, high-performers and leaders beyond the C-suite rather than only senior executives.
Geography
Headquartered in the United States, with the Series A announcement issued from New York; clients are large multinational corporations.
History
Founded in 2019 by Elise Smith (CEO) and Heather Shen (CPO) following work begun at Stanford in 2018, Praxis Labs participated in the 2020 Morgan Stanley Multicultural Innovation Lab and announced a $15.5 million Series A in October 2021 co-led by Norwest Venture Partners and Emerson Collective. Total venture capital raised was reported as more than $18.7 million, and the company was named to digitalundivided and Cosmopolitan's The New C-Suite in 2022. Over time the product evolved from VR-based DEI learning journeys toward AI-powered practice simulations and coaching for broader leadership and human skills. In July 2025 the company was reported to have been acquired by leadership coaching company Torch.
Risks & controversies
The founders have noted that market uncertainty and downturn conditions can make fundraising harder, particularly for founders with underrepresented and intersectional identities, and that the company's demand is tied to corporate willingness to keep investing in people development and DEI budgets during layoffs and market pressure.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 4
by search overlapCompanies competing with Praxis Labs for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 4
launches, deals, and filingsTorch acquired Praxis Labs to combine Torch's contextual coaching and organizational insights with Praxis Labs' AI coaching, practice and skill assessments. Elise Smith became head of AI growth and Heather Shen head of AI product at Torch; the Praxis Labs team joined Torch.
The company said it would use the funds to scale the platform, expand its learning journey library, add key leadership roles and hire more broadly.
$15.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Praxis Labspraxislabs.co · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Praxis Labs do?
- Praxis Labs builds AI-powered immersive simulations that let enterprise managers practice leadership and inclusion skills.
- Who founded Praxis Labs?
- Praxis Labs was founded by Elise Smith, Heather Shen in 2019.
- Who are Praxis Labs's investors?
- Praxis Labs's investors include Norwest Venture Partners, Open Opportunity Fund, R/GA Ventures, Ulu Ventures, Westbound Equity Partners, Animal Capital, Contrary, Day One Ventures and 4 more.
- How much funding has Praxis Labs raised?
- Praxis Labs has disclosed $18.7M raised across 1 of its 2 known rounds.
- Where is Praxis Labs headquartered?
- Praxis Labs is headquartered in Brooklyn, US.







