London-based employee benefits platform Juno has raised $4 million to transform outdated ‘work perks’ schemes.
The round was led by Hoxton Ventures and joined by angel investors, including Juno’s early adopters Tony Jamous, CEO of OysterHR, and Christian Owens, CEO of Paddle. Other angel investors include the CEOs of Learnerbly, Captify, Jungle Creations, SuperAwesome, and Heights.
This fresh cash will help Juno to fine-tune the product and add additional services such as physical debit cards for purchasing benefits and a fully integrated marketplace.
It will also be used to drive continued growth across global markets including the US and Europe, enabling even more workers to choose benefits that go further and add genuine value to their lives – whatever that means for them.
Founded in 2019 by Ally Fekaiki, the company empowers employees to take charge of their own benefits. Using the platform, employers allocate staff points to spend on the experiences and services employees actually want.
Employees are free to pick perks that reflect their lifestyle, needs, and priorities.
There are hundreds of experiences to choose from on the platform – from mental health support and childcare services to fitness classes and food delivery boxes.
Popular providers include Barry’s Bootcamp, Headspace, Patch Plants, and Mindful Chef, with over 5000 activities and services being exchanged for credits on the platform every month.
The platform is already being used by over 160 companies across 40 countries, including Bolt, Oyster, Born Social, and Paddle.
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