Thrive secures a strategic investment from the Halo Business Angel Network, Co-Fund II, and private investors to fuel international sales and product development.
The funding will support product development and international sales as the Belfast communications firm targets one million users.
Thrive provides employee communications software and support designed for organisations with deskless workforces. Its platform enables companies to build native mobile and web applications to engage staff.
Belfast-based employee communications software provider Thrive has secured a strategic investment from the Halo Business Angel Network, Co-Fund II, and private investors. The capital will be directed towards product development and international sales as the company pursues its target of reaching one million users by 2022.
The funding builds upon previous shareholder investment and coincides with a period of international client acquisition, including major accounts such as HBO and Santos Brasil. Thrive also plans to create 10 new jobs across marketing, software development, and customer care.
The latest injection of funds allows the company to activate a five-year growth plan to expand its customer base across the UK, Ireland, and international markets while further developing its platform capabilities.
From the founder
"We are seeing organisations all over the world waking up to the strong business benefits of good employee comms. With the vast majority of people now carrying a smartphone, it makes an app the perfect way to connect with employees. We’ve designed the Thrive platform to be so easy to use that organisations can be up and running and improving the way they communicate and share information with employees in no time."
James Scott
Managing Director at Thrive
Use of funds
- 01Continue product development
- 02Invest in sales and marketing