Tuesday 30 April 2019 6:25 pm

Perkbox gets a £13.5m pick-me-up from Revolut-backer Draper Esprit

Employee rewards platform Perkbox has raised £13.5m in a funding round, led by London-listed fund Draper Esprit.

Some of the company's long-term angel investors also participated in the round.

Perkbox, which is hired by companies to provide their workers with rewards and benefits for both their personal and professional lives, will use the funding to aid in its geographical expansion into France and Australia.

Read more: London business benefits scaleup Perkbox travels across the channel

The London-headquartered scaleup recently expanded its offering to include medical products and a loyalty programme linked to card payments. Clients to date include Whole Foods, Levi Strauss and Nando's.

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

Read more: The UK's young 'tech for good' startups valued at £2.3bn

“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.”

The company had previously raised £11m in equity funding since its launch in 2015.

Draper Esprit founder Simon Cook said: “Employee motivation and culture remain some of the most important issues for companies looking to attract the best talent. The need for employee experience is now understood and employers see that their most important assets are their people.

 

 

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