Diversity and inclusion tech platform secures £3m growth investment

Rungway, a London based platform for employee engagement and listening, has received a £3m growth investment from ScaleUp Capital, an investment fund which specialises in scaling businesses in digital B2B sectors.

Founded in 2017 by Julie Chakraverty, Rungway’s employee engagement platform is now helping organisations foster “psychologically safe, inclusive cultures” where employees can seek advice, feel connected and be heard.

The company has gained recent traction as a leading employee engagement platform by securing a breadth of enterprise clients including UBS, Sellafield and St James’s Place. This funding will allow Rungway to strengthen and develop its technology offering and expand its audience reach.

In addition to the injection of capital, Rungway will benefit from ScaleUp Capital’s Scaler Programme, a proven methodology designed to accelerate growth and includes putting a team on the ground covering strategy, talent, change, and finance disciplines.

Julie Chakraverty, founder and CEO of Rungway, said “With the pandemic dramatically transforming corporate culture there is now a greater emphasis on the authentic employee voice and experience. Now, more than ever, there is an urgent need for companies to engage with their employees and ensure every voice is heard.

“As we grow our client base with ScaleUp Capital’s support, we will have greater analytical and benchmarking capabilities to help companies surface unique insights and take the right actions, with the ultimate goal of fostering the most inclusive workplace culture.”

ScaleUp Capital’s investment director, David Sparrow, added: “Rungway’s solution provides its customers with a transformative level of insight into their organisation’s culture. We at ScaleUp Capital are hugely impressed by the team, the technology, and the opportunity to grow into a rapidly evolving HR technology market.”

“We’re excited to be part of the next chapter in the Rungway story. As we continue to develop the platform and invest in the team, we look forward to Rungway building on its strong momentum and becoming a global player in the employee listening and engagement sector.”