WorkL secures £2m series A funding from Calculus Capital to fuel global expansion

WorkL, the organization behind the World’s Happiest Workplace List and The Sunday Times Best Places to Work, has successfully raised £2 million in a Series A funding round, in partnership with Calculus Capital.

This financing is intended to accelerate WorkL’s international growth after five successful years of expansion.

Founded by Lord Mark Price, former Vice Chairman of the John Lewis Partnership, Chief Executive of Waitrose and Secretary of State for Trade and Investment, WorkL has played a key role in increasing happiness and engagement in the workplace worldwide. Since its founding in 2017, WorkL has helped more than 1,000 companies worldwide, with employees from more than 70,000 organizations taking the WorkL Happy at Work Test to measure their job satisfaction.

The funding will strengthen WorkL’s domestic and international operations, which already include the UK, Ireland, UAE, Australia and South Africa. The Series A raise, led by Calculus Capital, aims to further expand WorkL’s reach and impact.

The WorkL The Happy at Work test, consisting of 24 questions, is based on Lord Price’s Six Steps to Workplace Happiness methodology. Developed by a team of behavioral scientists, data analysts, psychologists, business leaders, academics and other independent experts, the test provides accurate insights into employee engagement and well-being, which is crucial for talent retention and recruitment.

WorkL’s growth has been largely driven by strategic partnerships, including working with The Sunday Times to power the annual publication Sunday Times Best Places to Work Awardsin honor of Britain’s best employers.

Lord Mark Price, founder of WorkL, expressed his excitement about the future of the company: “WorkL’s mission is to help people have a happier time at work and, as a result, drive commercial performance. I look forward to this new phase of WorkL’s growth and Calculus is a great partner to support us in helping even more organizations improve the happiness and engagement of their teams.”

Alexander Crawford, Co-Head of Investments at Calculus, who led the investment round and joins WorkL’s board, emphasized the importance of data-driven employee feedback in today’s workplace: “In today’s workplace, data-driven employee feedback is critical to creating of a high-performing culture and improving employee happiness and performance. We were attracted by the strong management team, led by Mark Price, who has significant business experience. We were also impressed with the company’s current strategic partnerships and the size and quality of WorkL’s database. We look forward to working with Mark and the WorkL team to grow and scale the business.”

Jonathan Hollis, Managing Partner at Mountside Ventures, which advised Lord Price and his team, commented: “We were pleased to advise Lord Price and his team on this latest round of funding as he looks to scale WorkL to drive workplace engagement for hundreds more happy people. customers. We are pleased that he has found a strategic partner in Calculus, who specializes in scaling B2B companies.”

This strategic funding partnership aims to advance WorkL’s ability to support organizations in creating happier and more engaged workplaces on a global scale.