Growth Lending has provided an £8m funding facility to GoodShape, a London-based absence management and return-to work platform backed by Marcol Private Equity.
The funding refinances existing debt and provides additional capital to support the company’s continued expansion as it scales its recurring revenue base, onboards new customers, and enables further targeted investment in the platform’s technological and AI capabilities.
GoodShape is a UK market-leading SaaS platform used by more than 800,000 employees across 250 organisations. The business works with employers across retail, healthcare, manufacturing and the public sector, helping them unlock greater value from their workforce and optimise the impact of existing employee health services.
The end-to-end platform reduces absence by more than 20% in the first year, improving workforce productivity through real-time data, predictive analytics and digital wellbeing tools.
With workforce costs rising and employers under increasing pressure to manage absence effectively, demand for better visibility and smarter intervention continues to grow.
“Absence has become a board-level issue for many organisations,” said Ed Radkiewicz (pictured), chief executive at GoodShape. “It affects productivity, creates disruption and additional costs all at once, so employers need clear insight and practical tools, not just reports at the end of the month.
“Growth Lending took the time to understand our model and where we’re heading. This funding gives us the flexibility to keep building at pace, invest further in our platform and support more employers who are looking for a smarter way to manage absence.”
Growth Lending said the deal reflects its continued focus on backing high-quality recurring revenue businesses operating in resilient markets.
Sean McCormick, director of debt finance at Growth Lending, added: “What stood out to us was the clarity of GoodShape’s proposition. The team has built a platform that solves a genuine and growing problem for employers, and they’ve developed it into a strong base of recurring revenue.
“We’re pleased to be supporting the next stage of their journey. This facility strengthens the business’s position and gives them the headroom to continue scaling in a market where demand is only increasing.”