The Happiness Index secures £1.1m seed round from angel investors to expand platform
Angel investors backed the employee engagement platform in its debut funding round.
The Happiness Index operates an employee engagement and happiness platform that measures workplace sentiment. The firm combines cultural feedback and data analytics to help organisations improve workforce wellbeing.
The Happiness Index has secured £1.1m in a seed round from angel investors to support the expansion of its employee engagement platform. The funding will enable the firm to scale its operations and develop its technology further following increased demand during the pandemic.
The raise highlights growing appetite for workplace culture tools as businesses rethink employee relations. Co-founder Matt Phelan noted that the company navigated the raise through direct engagement with backers who supported the firm's core mission.
From the founder
"I have never led a funding round before and I had no idea what I was doing but I thoroughly enjoyed meeting our potential investors and sharing our vision with them. Having read many generic and boring investment press releases before, I thought I would simply share with you why some of the angels invested. Here you go…"
Matt Phelan
Co-Founder and Co-CEO at The Happiness Index
Investor perspective
"I have experienced first hand, the power of data to drive changes in engagement and diversity, so the chance to invest in the drive to unlock happiness too, was very appealing.The team at The Happiness Index have the passion to succeed and I believe now is the perfect moment to get behind data as a force for good!"
Fiona McDonnell
Executive Director, Angel Investors
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
The Happiness Index
The Happiness Index operates an employee engagement and happiness platform.