WorkL, the organization behind the World's Happiest Workplaces and Sunday Times Best Workplaces lists, has raised £2 million in a Series A funding round, in partnership with Calculus Capital.
This financing aims to accelerate WorkL's international growth after five successful years of expansion.
Founded by Lord Mark Price, former Deputy Chairman of the John Lewis Partnership, Managing Director of Waitrose, and Secretary of State for Trade and Investment, WorkL has been instrumental in promoting happiness and engagement in the workplace globally. Since its inception in 2017, WorkL has helped over 1,000 companies worldwide, with employees from over 70,000 organizations taking the WorkL Happy at Work test to measure their job satisfaction.
This funding will strengthen WorkL's domestic and international operations, which already include the UK, Ireland, UAE, Australia and South Africa. The Series A raise, led by Calculus Capital, aims to expand WorkL's reach and impact.
the WorkL The Happiness at Work test consists of 24 questions and is rooted in Lord Price's six steps to workplace happiness. Developed by a team of behavioral scientists, data analysts, psychologists, business leaders, academics and other independent experts, the test provides accurate insights into employee engagement and well-being, which is crucial to retaining and recruiting talent.
WorkL's growth has been largely driven by strategic partnerships, including its collaboration with The Sunday Times to run the annual magazine Sunday Times Best Places to Work Awardswhich celebrates Britain's top employers.
Lord Mark Price, Founder of WorkL, expressed his enthusiasm for the future of the company, saying: “WorkL’s mission is to help people have a happier time at work and boost business performance as a result. I look forward to this new phase of WorkL’s growth and Calculus is a great partner to support us in Helping more organizations improve the happiness and engagement of their teams.
Alexander Crawford, Co-Head of Investments at Calculus, who led the investment round and will join WorkL’s Board of Directors, highlighted the importance of data-driven employee feedback in today’s workplace: “In today’s workplace, data-driven employee feedback is critical to creating High Performance Culture and Improving Employee Happiness and Performance We were attracted to the strong management team, led by Mark Price, who has a wealth of business experience. We are also impressed with the company's existing strategic partnerships and the size and quality of the WorkL database and we look forward to working with Mark and the WorkL team to grow the company and expand “its scope.”
Jonathan Hollis, Managing Partner at Mountside Ventures, who advised Lord Price and his team, commented: “We are delighted to advise Lord Price and his team on this latest round of funding as he looks to scale WorkL to improve workplace engagement for hundreds more happy clients. We are delighted that he has found “A strategic partner at Calculus, which specializes in B2B scaling.”
This strategic funding partnership is designed to enhance WorkL's ability to support organizations in creating happier, more engaged workplaces on a global scale.
