Perkbox is an employee experience platform that lets employers provide benefits and rewards to enrich employees' work and personal lives, targeting companies from SMEs to larger businesses. Its offering has expanded beyond perks to include card-linked loyalty, medical provision and new products launched late last year such as Perkbox Medical, Perkbox Insights and the card-linked PerksGo feature. The platform also enables companies to measure employee sentiment and supports both peer-to-peer and top-down recognition to help break down silos between management and teams. Perkbox was launched in 2015 and is headquartered in London, with additional offices in Sheffield, Paris and Sydney. The company says the product suite shift represents a transition from an employee "engagement" platform to an employee "experience" platform to address financial, physical and emotional wellbeing. Perkbox will use new funding to expand operations in Australia and France and to scale development and distribution of its newest products. CEO Saurav Chopra framed the move as catering for the full spectrum of employee wellbeing to improve retention and staff wellbeing. Perkbox is a digital employee engagement platform founded in 2015 by Saurav Chopra that provides small and large companies with tools to retain and motivate employees and retain customers. The company is based in London and employs over 165 people. Perkbox counts customers including Holland and Barrett, AXA, Le Pain Quotidien, Deliveroo, Worldpay and BlaBlaCar. It opened a new office in Sheffield last February. Perkbox says it will use the funds from this round to expand in the UK and internationally. The article reports the company raised a further $8.6M in venture capital, with Draper Esprit increasing its equity stake. Perkbox operates a digital engagement platform that bundles over 200 employee perks, a rewards & recognition system with digital badges, and a Wellness Hub of exercise and cooking videos plus a 24/7 employee assistance helpline. The company also offers a white‑labelled "Perkbox for customers" loyalty programme for businesses. Perkbox reports over 300,000 paying members and expects to reach one million by the end of the year. Management disclosed revenue of £4.3 million last year, expects about £15 million this year, and is confident of delivering over £25 million the following year. The team has grown to more than 105 people. The raise is intended to provide working capital and fund growth initiatives.

Total raised

$29M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2019