Posted on April 30, 2019 by staff

Perkbox raises £13.5m


Europe’s fastest growing ‘employee experience’ platform has raised £13.5m in equity funding to support its worldwide expansion plans.

Perkbox raised the funds for its ‘employee experience platform’ in a round led primarily by existing investor Draper Esprit, alongside long-term angels.

Recently named 25th in FT’s list of 1000 fastest growing European companies, the platform provides perks to client’s employees including offers and discounts and has introduced new features which allow for employee engagement.

This funding will help finance part of the company’s expansion operations in its recently launched markets, including Australia and France.

It also plans to scale the development and distribution of Perkbox’s new products – Perkbox Medical, Perkbox Insights and the platform’s card-linked PerksGO feature, which were all launched in Q4’2018.

“We are excited to partner with existing and new investors that share our Perkbox mission of helping 100M employees live better by 2025,” said Saurav Chopra, Co-founder and CEO of Perkbox.

“Having recently expanded overseas and launched a new range of products, this investment will help us scale our operations in the UK and internationally, aligning our goals and bringing us closer to our mission.”

Simon Cook, Founder of investor Draper Esprit added: “Since we invested in the company in 2016, Saurav and the team have grown at an impressive rate—they have launched in three international markets, built three new products and hired over 250 people.

“They have consistently proven that they can help companies attract and retain the best talent, and we are excited to continue supporting them in this next phase of growth.”