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London-based Reachdesk raises £31.75M funding to propel corporate gifting

Reachdesk
Image credits: Reachdesk

From large conglomerates to new companies, they all know that making their employees feel special and happy is crucial. Corporate gifting plays a major role in this and London-based Reachdesk aims to make the process easier. The startup offers a global SaaS platform that is touted to enable companies perform corporate gifting at scale and in an easier manner. The startup has now raised £31.75 million in its series B funding round. 

Putting funds to use

The latest funding round for Reachdesk was led by Highland Europe with participation from Highland Capital, HubSpot Ventures, and RLC Ventures. The funding will be utilised for further product development, which includes growing the company’s list of technical integrations, curated marketplace vendors, and global warehouse partnerships. In a conversation with UKTN, the company’s CEO Temy Mancusi-Ungaro  reveals more on how the funding will be used in the UK. 

“We look to expand our marketing, operations, and commercial teams. We also look to use our position as market leader in the UK to continue to push new use cases for gifting and expand into new verticals and new markets. We expect our team to more than double in the UK, over the next 12 months,” Mancusi-Ungaro notes. ...