Sanctus secures £ 4.25 million to drive its mission to bring coaching to the workplace
With a £ 4.25m funding round led by ScaleUp Capital, Sanctus can accelerate its “human-first, technology-aware” growth strategy and continue to provide quality coaching in the workplace.
SanctusIs one of the first organizations in the UK to provide active mental health support to workplace employees through 1-2-1 coaching, led by Scale Up Capital and advised by the PWC Ventures team. Finished a £ 4.25 million investment round. ..
Launched by James Routledge in 2016, Sanctus was born out of a desire to normalize mental health conversations in the workplace and make active support more accessible to UK employees. Today, Sanctus has more than 100 partners as customers, including start-ups such as The Body Coach, Goodlord & Carwow, distributors such as Dentsu, Omnicom & Vayner Media, and global brands such as Red Bull, Octopus and Boston Consulting Group.
The funding round will follow the two-year record growth of the business with more than 9,000 workplace-based 1-2-1 Sanctus Coaching sessions in 2021 alone.
James Routledge, founder of Sanctus, said:
“Since 2016, we have done a lot with relatively little investment and have steadily built a strong foundation for great partners and world-class coaches to pioneer the true movement for workplace well-being. We are very proud of what we have done to. Now is the right time to invest to amplify our influence. ”
“We are already making a life-changing impact on those who use Sanctus coaching every day. It’s time to expand it.” George Bettany, co-founder of Sanctus, has been added.
The funding round will enable Sanctus to accelerate its adoption by both the headquarters and coaching teams, as well as investing in digital and community-focused initiatives to support new and existing partners. The plan aims to benefit thousands of employees and hundreds of businesses each month from Sanctus coaching, with an emphasis on quality, safety and integrity.
It also happens when Sanctus embarks on a journey to B-corp status. This is backed by a commitment to scale in a healthy way for everyone. At the heart of this is the desire to reconstruct the outdated and transactional nature of employer-employee relationships and support partners in providing a progressive vision for the future workplace.
Chris Slater, CEO of Sanctus:
“The mental health and welfare market is facing a significant transition, and employers are beginning to awaken to the fact that caring for their employees is the only way to build a successful long-term business. We are pleased to find an investor in ScaleUp who believes in our ambition to build a coaching business that sets quality standards in the coaching market that has not been.
As business leaders, we have the opportunity to redesign our future workplace, rather than putting the latest apps in the hands of our employees and paying lip services to support their well-being. We are excited about the role we can play in putting people at the center of our business strategy and helping our employees get the best out of them. “
In addition to injecting capital, which will be an important milestone for the business after five years of bootstrap growth, the investment round unleashes the opportunity for Sanctus to benefit from ScaleUp Capital’s scaler program and sectoral experience.
Frank Heyman, Scale-up Capital, COO:
“We are thrilled to be able to support Sanctus’ scale-up journey. Their approach to“ human-first ”coaching has already grown tremendously and has delivered impressive results to our clients. increase. I am happy to be able to participate in the next chapter.
Scale-up Capital works closely with emerging growth companies to provide financing and structured scaling methodologies through scaler programs. This includes deploying teams that cover areas of strategy, talent, change and finance. We look forward to helping Sanctus’ talented team support the next phase of their growth journey. “
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For more information, please contact:
Beth Nicholson [email protected]
Sanctus started out as a community centered around a simple mission to normalize mental health conversations in the workplace and make active support in the workplace easier to use. Since 2016, Sanctus has partnered with companies to provide employees with high quality 1-2-1 personal coaching. Today, thousands of people from large and small organizations work in the workplace, including start-ups such as The Body Coach, Goodlord & Carwow, agencies such as Dentsu, Omnicom & Vayner Media, and global brands such as Red Bull, Octopus, and Boston Consulting Group. I am benefiting from. ..
About scale-up capital
ScaleUp Capital is a professional scale-up investor and platform in the digital B2B sector. It typically invests £ 2 to £ 10 million, earns typically £ 1 to £ 10 million and has a corporate value of £ 2 to £ 30 million. Next, we aim to expand our investment to £ 10-50m in revenue and £ 200-200m in EV over 4-8 years.
Sanctus London Secures £ 4.25m Series A Investment Led by Scale Up Capital – UK Tech Investment News
Source link Sanctus London Secures £ 4.25m Series A Investment Led by Scale Up Capital – UK Tech Investment News