Wellbees employee wellbeing platform receives $2.2 million investment
In the wake of mental health week, employee wellbeing platform Wellbees has announced a $2.2 million seed investment, led by B2B technology specialist 212.
This substantial investment, alongside the $14 billion invested in HR technology in 2021, suggests employers are taking employee mental health much more seriously in the aftermath of Covid-19.
Wellbees said it aims to use the investment to increase platform effectiveness in the UK and MENA markets, as well as establishing a Data Science Team, to better understand and analyse the impact on employee wellbeing.
So far, Wellbees’ own findings show that employees using its platform tend to be 50% less likely to leave their jobs and 12% happier after six months of using the platform.
To keep this up, Wellbees plans to build algorithms that produce personalised wellbeing suggestions to individuals, providing more sophisticated choices and recognising previously hidden patterns as well as offering HR departments more ideas and recommendations around their employee wellbeing trends.
It also aims to build local “teams on the ground” to strengthen its value proposition and bring in native language customer success teams along with marketing and sales team members to support the company’s growth.
The platform covers all eight aspects of wellbeing: mental, physical, spiritual, social, environmental, occupational, intellectual and financial rather than focusing on only one.
Wellbees said that the strategy of scaling now, increasing its share in new markets, while investing in deep technology is why it believes that investors were so interested.
Wellbees’ founder Melis Abacioğlu explained “We will continue to grow, especially in the UK, where we recently opened our first international office. Establishing a Data Science Team means we will be able to measure and scientifically improve the impact we have on the lives and cultures of employees. We will be able to enhance the experience we offer our customers and ultimately present individual users with their individual ‘formula for happiness’.”
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