Recruitment & HRInvestment

Employee engagement platform Rungway has received a £3 million growth investment from ScaleUp Capital.

The investment fund, which specialises in scaling businesses in digital B2B sectors, will put a team on the ground covering strategy, talent, change and finance disciplines as the London startup joins its Scaler Programme.

ScaleUp aims to scale its investments to revenues of £10-50m over 4-7 years. Recent investments include Sanctus, a workplace coaching platform, and Sifted, the news outlet focused on European startups.

Founded in 2017 by Julie Chakraverty, Rungway’s employee engagement platform is now helping organisations foster psychologically safe, inclusive cultures where employees can seek advice, feel connected and heard. 

The company has proven traction as a leading employee engagement platform by securing a breadth of enterprise clients including UBS, Sellafield and St James’s Place.  

“With the pandemic dramatically transforming corporate culture there is now a greater emphasis on the authentic employee voice and experience,” said Chakraverty. 

“Now, more than ever, there is an urgent need for companies to engage with their employees and ensure every voice is heard.  As we grow our client base with ScaleUp Capital’s support, we will have greater analytical and benchmarking capabilities to help companies surface unique insights and take the right actions, with the ultimate goal of fostering the most inclusive workplace culture.”

New features enabled by the investment will help companies understand employee voice through an anonymous, moderated, online platform; give leadership a unique way to respond to employee concerns, thereby strengthening culture; and enable colleagues and leadership alike to share collective wisdom.

How tech is reducing hospital anxiety for children

ScaleUp Capital’s investment director David Sparrow said: “Rungway’s solution provides its customers with a transformative level of insight into their organisation’s culture. 

“We at ScaleUp Capital are hugely impressed by the team, the technology, and the opportunity to grow into a rapidly evolving HR technology market.

“We’re excited to be part of the next chapter in the Rungway story. As we continue to develop the platform and invest in the team, we look forward to Rungway building on its strong momentum and becoming a global player in the employee listening and engagement sector.”