London-based employee engagement platform Perkbox has receives a $8.6 million (6.6 million) from venture capital firm, Draper Esprit. This news comes nearly nine months after the company secured more than £4,3 million on equity crowdfunding platform, Seedrs.
As previously reported, Perkbox has more than 300,000 paying members ranging from SMEs to large corporations including British Gas and BUPA since its launch in January 2015. The platform revealed the monthly recurring revenue has grown 14 times to £1.4 million per month in 18 months, and has a financial uplift of 50% every quarter since launch, tripling sales in 2015. Perkbox had more than 300 investors participate in the latest crowdfunding funding round, including Seedrs Advisor and tennis star, Andy Murray, along with Draper Esprit.
Speaking about the investment, Simon Cook, CEO Draper Esprit stated:
“Perkbox has shown further hyper growth since we invested last year and we believe the team are well on the way to becoming the market leader with both amazing product innovation and huge customer engagement. Our model is predicated on following our capital to work over the long term and to actively support our leading companies. Employee engagement is increasingly essential and Perkbox’s platform provides an innovative solution to increase workplace happiness and improve productivity.”
“We are exceptionally happy to have Draper Esprit as a significant investor in Perkbox. We believe they understand and agree with our mission to create a better society through building stronger relationships with employees and customers, and we continuously benefit from their insight and assistance in building a global scalable business in our defined end user markets.”
Perkbox added that the new investment from Draper Esprit will enable it to access untapped demands in the market as it supports diverse clients from SMEs to larger corporations.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!