At a time when there is a disconnect between the workplace benefits and the way employees perceive this support, London-based employee benefits platform Juno, has nabbed $4 million funding. This round was led by Hoxton Ventures that closed $215 million funding.
It was joined by angels, including Juno’s early adopters Tony Jamous, CEO of OysterHR, Christian Owens, CEO of Paddle, and the CEOs of Learnerbly, Captify, Jungle Creations, SuperAwesome and Heights.
This new fresh capital will let Juno fine tune the product and add additional services such as physical debit cards for purchasing benefits and a fully integrated marketplace. The funds will be used to drive continued growth across global markets, including the US and Europe, thereby enabling more workers to choose benefits.
Ally Fekaiki, Founder and CEO of Juno, commented, “This new injection of funding will enable us to bring better benefits and support to more workers around the world. As hybrid workforces grapple with a teetering work-life balance and the rising cost of living, empowering employees to take charge of their benefits can make all the difference. For some, that might mean knowing their childcare is covered. For others, it might mean having a mealbox ready and waiting for them at the end of the day. Benefits that genuinely benefit people are not one-size-fits-all – and everything we do is designed with this in mind.”
Charles Seely, partner at Hoxton Ventures, commented, “We’re excited to back Ally and the Juno team. We believe that the future of work is a giant category within which transformative businesses will be built.”
Adam Ludwin, co-founder of Captify, said: “Many companies are trying but failing to understand, comprehend and support their employees. Juno’s offering helps solve this by getting rid of the current one-size-fits-all approach and replacing it with benefits that allow companies to support everyone uniquely. It gives them access to the world’s largest online wellbeing marketplace and empowers employees to access wellbeing solutions that fit their unique personality and lifestyle. It is an incredibly exciting time for Juno and I’m proud to be part of the journey.”
Caroline Matthews, MD of Koto Studio, whose team uses Juno commented, “It is paramount for businesses to invest in and take care of their employees. Juno helps Koto do just this. Great friendly service that makes everyone feel important.”
Personalised approach to employee benefits
Founded by British-Iraqi entrepreneur Ally Fekaiki in 2019, Juno’s modern benefits marketplace reimagines the broken employees benefits system. It empowers workers to choose experiences and services they want with the credits allocated by their employer.
Juno works with the mission to transform outdated ‘work perk’ schemes with a personalised approach. It gives employees the freedom to pick perks that reflect their lifestyle, needs and priorities. The platform offers hundreds of experiences ranging from mental health support and childcare services to fitness classes and food delivery boxes.
Popular service providers of Juno 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.
Currently, the platform is being used by over 160 companies across 40 countries, including Bolt, Oyster, Born Social and Paddle. Since 2021, its user base has witnessed tenfold growth as there is a demand for effective ways to support hybrid teams, retain staff and improve work-life balance during the pandemic.