London-based Perkbox, a digital employee engagement platform, has raised $8.6m (£6.6m) from Draper Esprit.
The company, launched in 2015, has to date attracted $12m (£9m) in funding from Draper Esprit and now employs more than 165 people.
Today’s news comes after Tech City News revealed the firm’s office opening in Sheffield and its plans to create more than 100 jobs in the city by the end of next year.
Saurav Chopra, CEO and co-founder of Perkbox, commented on the news: “We are exceptionally happy to have Draper Esprit as a significant investor in Perkbox.
“We believe they understand and agree with our mission to create a better society through building stronger relationships with employees and customers, and we continuously benefit from their insight and assistance in building a global scalable business in our defined end user markets.”
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Simon Cook, CEO Draper Esprit, said: “Perkbox has shown further hyper growth since we invested last year and we believe the team is well on the way to becoming the market leader with both amazing product innovation and huge customer engagement.
“Our model is predicated on following our capital to work over the long term and to actively support our leading companies. Employee engagement is increasingly essential and Perkbox’s platform provides an innovative solution to increase workplace happiness and improve productivity.”
The firm is also looking to expand overseas.
To check out the latest UK tech investments, visit the Tech City News Investment Tracker.