As a subsequent result of the Great Resignation, most HR teams are scrambling to either retain employees or handle an influx of applications. The U.S. is in a trivial place in which there are over 11 million job openings in the country, but many citizens have a growing list of reasons to delay their return to work. Workvivo, a Boston and Cork, Ireland-based workforce management platform, is on a mission to change that.
On Tuesday, the startup raked in $22 million in its Series B funding round led by VC giant Tiger Global. This brings Workvivo’s total funding to date to $38 million.
As an employee communications company, Workvivo operates similarly to a workplace social media platform. On the platform, employees within the same organization can communicate through an activity feed. On the feed, they can make posts that then receive likes and comments. Additional features include access to company articles, podcasts, HR documents and the ability to join groups of interests with other employees.
Workvivo plans to use its new capital to further scale its product offerings to “bring company culture to life and humaniz the digital workplace experience,” according to a company statement.
The Series B round comes after a year of success for the startup. According to Workvivo, the company opened new offices in Boston, London and Dublin in 2021 alongside growing its team 6x since 2020. Additionally, Workvivo reported an annual growth of over 150 percent year-over-year as it has added 300 organizations to its customer base across 90 countries.
“Over the past three years, we have been blown away by the tremendous growth we’ve seen, but mostly by the huge impact the platform has made for our customers,” John Goulding, CEO and co-founder of Workvivo, said in a statement. “People spend a huge amount of their hours each week at work, and they deserve it to be meaningful and to feel a sense of belonging and purpose. CEOs that adapt to the new working world and change the way they engage their employees will create new and better opportunities for their company and retain their best talent in this period of the Great Resignation.”
Workvivo works with big-name companies like Amazon, Western Union and Lululemon. The Workvivo platform and app can be integrated with common, existing workforce platforms such as Zoom and Slack.
