Calculus invests £2million into WorkL
Summary
London, 11th June 2024; WorkL, the home of the Worlds Happiest Workplace List, linked to over 5m jobs, and the powerhouse behind the UKs most prestigious business awards, The Sunday Times Best Places to Work, has raised a Series A round in partnership with Calculus Capital, to expedite its international offering after five successful years of growth.Lord Mark Price, Founder of WorkL, and his team, have partnered with Calculus to secure a \xa32m Series A raise, enabling WorkL to accelerate and expand its domestic and international operations which already include the UK, Ireland, the UAE, Australia and South Africa.Lord Price, formerly Deputy Chairman of the John Lewis Partnership, Managing Director of Waitrose and Minister of State for Trade and Investment, launched WorkL in 2017, which now helps over 1,000 businesses globally improve the happiness and engagement of their teams and has seen employees from over 70,000 organisations globally take the free Workl Happy at Work Test which helps people determine how happy they are in their current job.The test, featuring 24 questions, is centred around Lord Prices renowned employee engagement methodology: Six Steps to Workplace Happiness, which are integral to retaining and recruiting talent. Developed by behavioural scientists, data analysts, psychologists, business leaders, academics and other independent parties, the test accurately monitors employee engagement and wellbeing in the workplace.WorkLs international growth has been driven by numerous strategic partnerships, including with The Sunday Times to power its annual Sunday Times Best Places to Work Awards. Im looking forward to this new stage of WorkLs growth and Calculus is a great partner to support us in helping even more organisations improve the happiness and engagement of their teams.Alexander Crawford, Co-head of Investments at Calculus, who led the investment round into WorkL and will sit on its board said: In todays workplace, data-driven employee feedback is crucial to creating a high-performing culture and improving employee happiness and performance. We were attracted to the strong management team, led by Mark Price, who has very considerable business experience. We look forward to working with Mark and the WorkL team to grow and scale the company.We were delighted to advise Lord Price and his team on his latest round of funding as he looks to scale WorkL to improve workplace engagement to hundreds more happy customers, and are pleased he found a strategic partner with Calculus, who specialise in scaling B2B businesses said Jonathan Hollis, Managing Partner, Mountside Ventures.For further information, or an interview with the Founder, Lord Price, please contact: [email protected]