Mo raises £2.2m from NVM Private Equity to scale its employee reward platform.
NVM Private Equity backs the London-based employee engagement platform with growth capital.
London-based Mo provides an employee recognition and reward platform designed to strengthen workplace culture and staff engagement.
London-based employee engagement platform Mo has secured £2.2m in growth capital from NVM Private Equity. The funding will be used to scale up operations, expand the team, and deliver further technical development of the platform.
Formerly known as Thanksbox, the company works with major clients such as the NHS, William Hill, Nuffield Health, and the O2 Arena. Mo connected with NVM at a Creative England showcase event in 2018.
NVM Private Equity has taken a seat on the board as part of the transaction, backing the leadership of co-founder and CEO Luke Fisher.
From the founder
"We’re absolutely delighted to have partnered with investors that believe in our story and our ambition to create a better future of work."
Luke Fisher
CEO at Mo
Investor perspective
"This is a really exciting deal for NVM. We were impressed from the outset by the clear vision Luke has for the business and the traction he has achieved over the last few years; it’s exactly the type of early-stage business we look to support. Organisations are placing more and more focus on employee engagement and we believe there is great potential for Mo to work alongside them to improve their culture."
Jason Warren
Board Member, NVM Private Equity
Use of funds
- 01Grow the team
- 02Continue product development
- 03Scale operations
