Employee engagement is a key factor in the success of any organization. As technology advances, more and more organizations are looking to use employee engagement platforms to help them create cultures where every voice matters and every person can be their best. WorkBuzz, a British HRTech startup, is one such platform that is helping forward-thinking organizations gain real-time feedback from their people and make decisions based on that feedback.
Recently WorkBuzz has raised $7.9 million (£6.2 million) in its Series A round led by YFM Equity Partners. The funding round was also backed by existing investors Mercia and Foresight Group (Foresight), which invested in the Midlands Engine Investment Fund (MEIF). With this investment, the startup plans to pursue international expansion, enhance sales and marketing, and deliver new tech innovations to its growing roster of clients.
Launched in 2018 by employee engagement expert Steven Frost, WorkBuzz is helping organizations gain insight into their employees’ views and take action to improve employee retention. The company currently serves over 400 organizations, including Five Guys, Shell Energy and HS2.
Commenting on the fundraising, Chief Executive Officer of WorkBuzz, Steven Frost, said, “We’re proud of what we’ve achieved so far and are very grateful for the support of our clients and partners, but it feels like we’re just getting started. This latest investment round will be transformative – it’s 180% more than our entire history. We’re excited to scale up our investments in our platform and innovations, co-creating these with our clients, as well as expand into the U.S. With generational talent shortages and disruptive technologies like generative AI, there’s never been a more exciting time to build an HR tech company and make an impact.”
WorkBuzz provides teachers with regular pulse and ad hoc surveys, as well as onboarding and exit surveys, to determine the views of their students. Pulse surveys help teachers understand the temperature of their classroom and focus on the issues that matter most to their students. Its surveys work on multiple devices and are accessible to all students.
Adam Hart, Investment Director, YFM, said, “WorkBuzz is going through a really exciting period of growth and has the ambition and drive to expand upon this significantly. They have been able to attract big-name clients thanks to a combination of leading-edge software and clear domain expertise in the employee engagement space. As growing numbers of organizations seek to forge stronger connections with employees in a complex environment, WorkBuzz has the potential to make a huge impact in this market.”
For teachers who are looking to understand their students better and build stronger relationships, WorkBuzz is an invaluable tool. With its recent investment, the platform is set to scale up its investments in its platform and innovations, helping more teachers create cultures where every voice matters and every student can be their best.
