“Employee Health and wellbeing “SaaS platforms have actually been around for some time. Both guideline and increasing stress levels and health issue in the workplace have fed the increase of this sector of tech, and with numerous corporates painting long-lasting agreements with suppliers, it’s a rewarding organisation. Additionally, with the COVID-19 pandemic continuous, big remote-workforces look here to stay for the foreseeable future, and are likely to require these platforms more than ever. Noteworthy players in the space consist of Rally Health, Dacadoo and Virgin Pulse.
Tictrac is a start-up in this area that uses a combination of personalized material, lifestyle projects and incentivized challenges to inspire personnel. It combines this with behavioral science to determine trigger indicate egg-on staff to positive behaviors. Existing investors of Tictrac include world-class tennis champ Andy Murray and American basketball gamer Carmelo Anthony, who has actually been named an NBA All-Star 10 times.
Today it secures a ₤ 6 million ($7.5 million) funding round led by London-based Puma Private Equity, bringing its total investment to date to ₤ 13.5 million($ 17 million). The latest round will allow the business to expand its Staff member Wellness platform for its thousand-plus consumers. It will also now expand its Enterprise platform, which makes it possible for insurance provider and health providers to engage their clients in their health and tailor relevant product or services to them.
Tictrac relies greatly on content, contributed by popular fitness and health influencers, covering fitness, yoga, meditation, mindfulness, dishes and blog posts, which provide its users with inspiration and recommendations on how to enhance their way of life.
Unlike a great deal of other “Staff member Wellbeing” platforms, users can follow the content or specialists that they can connect to (just like with Instagram, Calm or Glo Yoga), powered by a campaign engine that provides imaginative styles across Tictrac functions, like healthy habit-forming action strategies and activity challenges.
Founded in 2010, the company has partnered with health care and insurance suppliers including Aviva, Allianz and Prudential. In a statement, Martin Blinder, CEO and founder of Tictrac, commented: “Now more than ever, companies have a higher function and obligation in supporting the health of their workforce. And while organisations are concentrated on sustaining retention and efficiency– particularly with a lot of people working remotely– they are now tasked with trying to browse health concerns such as burn-out and striking a healthy work-life balance.”
Rupert West, managing director at Puma Private Equity, stated: “We have been regularly impressed with Tictrac’s ability to heighten health and wellness engagement, which in turn will assist alleviate a few of the pressures our health services continue to face.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.