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Rungway Secures £ 3m Growth Private Equity Investment From ScaleUp Capital – UK Technology Investment News

Trackthe innovative platform for employee engagement and listening, is delighted to have received a £ 3 million growth investment from Capital of scale-up (“ScaleUp”), an investment fund specializing in the downsizing of business in digital B2B sectors.

Founded in 2017 by Julie Chakraverty, Rungway’s employee engagement platform now helps organizations foster psychologically safe and inclusive cultures where employees can seek advice, feel connected and listened to. At a time when responding to employee needs has never been more critical, the company has proven to be a leading employee engagement platform by securing a broad range of corporate clients including UBS, Sellafield and St James’s Place.

This funding will allow Rungway to strengthen and develop its technology offering and, most importantly, to broaden the reach of its audience. In addition to the capital injection, Rungway will benefit from ScaleUp Capital Scaler Program, which is their proven methodology designed to accelerate growth and includes putting a team on the ground spanning strategy, talent, change, and financial disciplines.

Julie Chakraverty, founder and CEO of Rungway, said “With the pandemic dramatically transforming corporate culture, there is now a greater emphasis on authentic employee voice and experience. It is now more urgent than ever for companies to interact with their employees and make sure every voice is As we increase our client base with the support of ScaleUp Capital, we will have greater analytical and benchmarking skills to help companies emerge unique insights and take the right actions, with the ultimate goal of promoting the culture of more inclusive workplace “.

New investment-enabled features will help businesses:

  • Understand the voice of employees through an anonymous but moderate online platform
  • Give leadership a unique way to address employee concerns, thereby strengthening the culture
  • Allow colleagues and executives alike to share collective wisdom

ScaleUp Capital’s investment director David Sparrow said “Runway’s solution offers its customers a transformative level of insight into their organization’s culture. We at ScaleUp Capital are extremely impressed with the team, the technology and the opportunity to grow in a rapidly evolving HR technology market. “

“We are thrilled to be part of the next chapter in Rungway history. 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 listening and employee engagement industry. “

ScaleUp Capital is a scale-up investor and platform in the digital B2B sector. After the initial investment, ScaleUp aims to bring its investments to revenues of £ 10-50 million in 4-7 years. Recent investments include Holya workplace coaching platform e Siftedthe newsletter focused on European startups.

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Rungway Secures £ 3m Growth Private Equity Investment From ScaleUp Capital – UK Technology Investment News

Source link Rungway Secures £ 3m Growth Private Equity Investment From ScaleUp Capital – UK Technology Investment News

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