HappySignals, the startup working to help businesses to improve their internal cultures, has raised more than $5 million in a Series A funding round backed by Nauta Capital.
Founded in 2014, Helsinki-based HappySignals offers enterprises firms an "employee experience management platform," helping them identify what needs to change so they can improve employee happiness and productivity.
Workforce management represents a burgeoning market, with analysts at Grand View Research predicting the industry could be worth up to $11 billion by 2025.
HappySignals' platform allows employers to measure workers' "happiness" and productivity. The company says it has done so for more than two million employees at firms across 130 countries. The startup says its clients have, on average, seen a 26% reduction in time lost to IT issues as a result.
"We believe happiness and productivity are the keys to transforming business IT culture for the better," said HappySignals CEO Sami Kallio. "We do this by giving enterprise IT leaders the employee experience data they need to make outcome-focused decisions that drive transformation."
The firm raised €4.7 million in total, with the backing of Nauta and Vendep Capital, as well as a string of angel investors.
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