- A startup enabling staff members to choose their own benefits raised $4 million from Hoxton Ventures.
- London-centered Juno offers above 5,000 services, from childcare to food shipping and delivery, to consumers globally.
- Founder and CEO Ally Fekaiki took Insider by way of the pitch deck applied to raise the money.
A startup that is curated an worker positive aspects market the place workers can pick out their benefits has elevated $4 million from Hoxton Ventures.
London-centered Juno launched in 2019 immediately after founder and CEO Ally Fekaiki seasoned how commonplace office burnout was — and understood that employee advantages weren’t catered to everyone’s desires.
“The motive why added benefits or perks have been beneath-utilized is mainly because there is certainly no just one size matches all,” he informed Insider. “The notion was to give personnel the electricity and adaptability to make their own choices.”
Businesses give workers revenue for their perks in the type of ‘Juno points’, which they can use to obtain a selection of more than 5000 companies, from fitness and meals shipping packing containers to childcare. The startup also presents a Juno card to enable workers to use subscription-based products and services, and has the alternative of reimbursing current solutions — like childcare or remedy — in pretty much 40 different currencies, Fekaiki said.
The startup counts the likes of journey-hailing enterprise Bolt, fast shipping and delivery startup Zapp, and HR system Oyster, amongst its shoppers.
Juno will make its dollars via fee on seller purchases — and has just lately launched an admin charge for models who want to provide by way of its system. For an further fee, it also provides companies an opportunity to promote their services on Juno’s social media pages.
Fekaiki observed that Juno attracted trader awareness since it was a “classification new” in the future of operate sector, which has witnessed a pandemic-fueled growth as employers accommodate to “shifting staff values.”
“The pandemic failed to invent just about anything new, but it built us confront the present concerns we would been dwelling, these types of as flexibility and remote get the job done,” he stated. “It reminded us that our process was not established up to be human 1st, and we have witnessed an remarkable embrace of a more empathetic way of approaching operate.”
The round was led by London-dependent VC firm Hoxton Ventures, which has backed healthtech heavyweights such as Babylon Health and fitness and Clue, with participation from strategic angels Tony Jamous, CEO of OysterHR, and Christian Owens, CEO of Paddle.
“Technological progression and the new era of electronic natives make up our market place,” said Fekaiki. “So we’ve targeted on making a brand name which is truly attractive to fashionable experts.”
Fekaiki took Insider by means of the 10-slide pitch deck Juno employed to elevate the refreshing money — examine it out below.