Perkbox raised $17.6 million for what it’s calling an “employee experience platform.” We would categorize them as more of a “total well-being” solution given their offerings in employee medical, wellness, perks, recognition, and engagement. The breadth of their offering represents a trend emerging in wellness and talent management – the convergence of what we’re used to seeing in distinct apps coming together to address the well-being and overall engagement of the employee. We expect to see vendor consolidation in the wellness and “perks” area, offering employers one platform that becomes easier to administer, and employees one interface to access the features or perks that make sense for them at any given time. Perkbox looks to be one of the few vendors that are “out first” with this approach.
Perkbox, the London-based startup now calling itself an “employee experience platform,” has raised a further £13.5 million in funding. The round is led by existing investor Draper Esprit, alongside a number of previous Perkbox angels. Prior to this, the company, which launched in 2015, had raised £11 million.Targeting companies of all sizes, from SMEs to larger businesses, Perkbox’s platform lets employers give employees a number of benefits and rewards to enrich their work and personal life. The broader aim, of course, is to improve retention and staff well-being.