Seed30 January 2020

Oak Intranet raises £2.1m in seed follow-on funding led by Maven to expand UK adoption

The funding round was led by Maven Capital Partners and will support the expansion of the company digital workplace platform.

£2.1MSeed

Oak Intranet provides a secure digital workplace platform designed to streamline internal communications and employee engagement for medium and large enterprises. The company operates from Newcastle upon Tyne and serves prominent brands across various sectors.

Oak Intranet has secured £2.1m in a seed follow-on funding round led by existing investor Maven Capital Partners. The capital injection includes contributions from regional funds managed by Maven, NorthStar Ventures, and a private investor.

The fresh funding will be deployed to accelerate the adoption of the company employee engagement and digital workplace solution across the UK. This transaction coincides with a leadership restructure featuring CEO Will Murray and Chairman Mark Quartermaine, alongside a relocation to new office premises in Newcastle.

The business has established a strong client base since its launch, supporting major corporate organisations with mobile-enabled internal communications. The latest financial backing positions the firm to scale its operations further as demand for enterprise digital workspaces continues to grow.

From the founder

"Oak is an amazing product with tremendous potential. It enables organisations to engage their employees including deskless workers and provides a range of internal communications tools that integrate seamlessly with office applications. We are thankful for the great funding partners we have in Maven, NorthStar Ventures and Finance Durham and look forward to working with them as Oak scales"

Will Murray

CEO at Oak Intranet

Investor perspective

"Oak are pioneers in developing and selling intranet solutions, the platform addresses a large and growing market focused on the digital workplace. We are delighted to lead the latest funding round to continue to support the roll-out of its innovative cloud-based software and enable the business to execute a number of exciting new developments."