Juno raises £3.1m in Series A funding led by Hoxton Ventures to expand its employee benefits platform
The Series A round was led by Hoxton Ventures with backing from notable tech entrepreneurs.
Juno operates an employee benefits platform that replaces traditional perks with customisable credits. Workers can choose from thousands of services and experiences that suit their personal lives.
Juno has secured £3.1m in a Series A funding round led by Hoxton Ventures. The capital will be directed towards product refinement, including the introduction of physical debit cards and an integrated marketplace, alongside international expansion across Europe and the US.
The company operates a workplace benefits platform designed to replace conventional top-down perks with customisable credits. Employees can select from a wide array of lifestyle, wellbeing and family support services. The platform has experienced accelerated demand from remote and hybrid teams seeking effective staff retention methods.
Participation in the round also came from several high-profile angel investors, including executives from companies such as OysterHR and Paddle.
From the founder
"My story – and Juno’s raison d’etre – will sound all-too-familiar to many. When I started my career as a Growth Manager for startups, long hours and ‘hustle culture’ left me feeling burnt out. The loss of a family member finally broke me and the thing I needed the most at that time was genuine wellbeing support in place of the alcohol-fuelled socials and awkward team yoga I was offered by HR. But I should have known not to expect too much from superficial ‘perks’ systems that fail to consider peoples’ actual needs."
Ally Fekaiki
Founder and CEO at Juno
Investor perspective
"We’re excited to back Ally and the Juno team. We believe that the future of work is a giant category within which transformative businesses will be built."
Charles Seely
Partner, Hoxton Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
