GoJoe secures £2.4m led by Venrex Partners to fund corporate expansion in international markets
The round was led by Venrex Partners and will support growth across the corporate wellbeing sector in the UK, US, and Canada.
GoJoe operates a social health and fitness application that uses gamification and community engagement to improve employee wellbeing for corporate clients.
GoJoe has secured £2.4m in funding led by Venrex Partners, with participation from Redrice Ventures, Hellen's Rock Ventures, Amrock Ventures, Superbet Ventures, and angel investors including Alistair Brownlee MBE and Michael Carrick. The capital will be directed towards expanding the company corporate health offering in the UK, US, and Canada, alongside the development of direct-to-consumer and brand partnership channels.
Active across more than 150 countries, the health and wellness application uses virtual team challenges and gamification to help organisations tackle rising employee wellness costs and engagement challenges. The latest financial injection follows a period of rapid expansion and high-profile corporate partnerships with organisations such as NatWest and Centrica ahead of the Paris 2024 games.
From the founder
"It’s really exciting to welcome investment from leading firms who have helped scale some remarkable businesses and build household brands. In recent years, we’ve demonstrated the huge value that a social product like ours can have on individuals and the companies they work for. This investment represents a huge opportunity for GoJoe and we’re delighted to have Redrice Ventures, Venrex Partners and Amrock Ventures join us on the next stage of the journey. Investment not only allows GoJoe to increase its resources to support its growth but also widen its reach in supporting businesses in the health and fitness challenges they face in the modern workplace."
Will Turner
Co-founder at GoJoe
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Venrex
Redrice Ventures
Hellen’s Rock Ventures
Amrock Ventures
Superbet Ventures
Alistair Brownlee
Michael Carrick
Categories
About the company
GoJoe
GoJoe develops a social health and fitness app designed to improve corporate employee wellbeing.