Alongside private investors, we are delighted to have secured follow-on funding from Mercia and Foresight through equity finance from the Midlands Engine Investment Fund (MEIF).
Based in Milton Keynes, WorkBuzz currently has 20 plus employees with the intention of creating another 15 jobs this year. As an ambitious company, we have gone from strength to strength, however this latest round of funding will significantly help us to achieve our goal of 100% growth in each of the next two years.
In addition to growing our team further, the investment will allow us to add new features to our employee survey software and establish a network of overseas partners to increase our international reach.
This latest round of investment marks a very exciting time for WorkBuzz and a great achievement on our journey to becoming the go-to employee experience platform for HR professionals.
Of the investment, WorkBuzz CEO Steven Frost, said:
Steven Frost, CEO of WorkBuzz, said:
“The world of work is changing, with many people working remotely and using video calls or emails to communicate. WorkBuzz helps companies to navigate these challenges and build great cultures.
“Our vision is to improve the working lives of 1 million people, and this investment round will help us to make it happen sooner.”
Stephen Windsor of Mercia added:
“WorkBuzz has been on exciting growth journey to date and has ambitious plans for the future. This investment will help support Steven and the team as they continue to scale the business.
“As part of the deal, we were also able to introduce a new Chair from the Mercia network who brings valuable experience to help them along the way.”
WorkBuzz invests in its people and due to our recent team growth, we have now moved into a new office which is three times the size of our previous space. The new office supports our new flexible working model and allows those who want to come into the office to meet up and collaborate face to face when working on exciting new projects.
Supported by the European Regional Development Fund, MEIF is an initiative launched by the government-owned British Business Bank. It is a key part of the government’s vision aimed at boosting the region’s economy and supporting the growth of smaller businesses between 2017 and 2022.
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