WorkL, the organisation behind the World’s Happiest Workplace List and The Sunday Times Best Places to Work, has successfully raised £2 million in a Series A funding round, in partnership with Calculus Capital.
This funding aims to expedite WorkL’s international growth following five successful years of expansion.
Founded by Lord Mark Price, former Deputy Chairman of the John Lewis Partnership, Managing Director of Waitrose, and Minister of State for Trade and Investment, WorkL has been instrumental in enhancing workplace happiness and engagement globally. Since its inception in 2017, WorkL has assisted over 1,000 businesses worldwide, with employees from over 70,000 organisations taking the WorkL Happy at Work Test to measure their job satisfaction.
The funding will bolster WorkL’s domestic and international operations, which already encompass the UK, Ireland, the UAE, Australia, and South Africa. The Series A raise, led by Calculus Capital, aims to further expand WorkL’s reach and impact.
The WorkL Happy at Work Test, comprising 24 questions, is rooted in Lord Price’s Six Steps to Workplace Happiness methodology. Developed by a team of behavioural scientists, data analysts, psychologists, business leaders, academics, and other independent experts, the test provides accurate insights into employee engagement and wellbeing, crucial for talent retention and recruitment.
WorkL’s growth has been significantly driven by strategic partnerships, including its collaboration with The Sunday Times to power the annual Sunday Times Best Places to Work Awards, which celebrate Britain’s top employers.
Lord Mark Price, Founder of WorkL, expressed his enthusiasm for the company’s future: “WorkL’s mission is to help people to have a happier time at work and drive commercial performance as a result. I’m looking forward to this new stage of WorkL’s growth and Calculus is a great partner to support us in helping even more organisations improve the happiness and engagement of their teams.”
Alexander Crawford, Co-head of Investments at Calculus, who led the investment round and will join WorkL’s board, highlighted the importance of data-driven employee feedback in today’s workplace: “In today’s workplace, data-driven employee feedback is crucial to creating a high-performing culture and improving employee happiness and performance. We were attracted to the strong management team, led by Mark Price, who has very considerable business experience. We were also impressed by the company’s current strategic partnerships and with the size and quality of WorkL’s database. We look forward to working with Mark and the WorkL team to grow and scale the company.”
Jonathan Hollis, Managing Partner at Mountside Ventures, which advised Lord Price and his team, commented: “We were delighted to advise Lord Price and his team on this latest round of funding as he looks to scale WorkL to improve workplace engagement for hundreds more happy customers. We are pleased he found a strategic partner in Calculus, who specialise in scaling B2B businesses.”
This strategic funding partnership is set to enhance WorkL’s ability to support organisations in creating happier and more engaged workplaces on a global scale.
