Ex-Tesco chief Sir Terry Leahy backing staff discounts app Work Angel

 
Oliver Smith
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Sir Terry Leahy sits on the board of Work Angel (Source: Getty)

Former Tesco chief executive Sir Terry Leahy is reportedly leading a £3.3m funding round for smartphone startup Work Angel.

Work Angel helps firms retain and reward staff with discounts and deals via a smartphone app. It was founded by serial entrepreneur Jamie True, who made an estimated £15m from the sale of his mobile app development group Grapple to payments group Monitise last year.
“These offers are around but employees don’t use them as the technology is not very engaging or user friendly,” Leahy told The Sunday Times. “Work Angel massively increases the value of those type of schemes for employees.”
Leahy, who also sits on the board of Work Angel, has invested in a number of tech startups since leaving Tesco in 2011 including Aim-listed smartphone voucher firm Eagle Eye.

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