Winningtemp, a Swedish employee engagement platform, raised €15.1 million in Series B funding to enhance its operations and expand internationally amid increased demand during the COVID-19 pandemic.

Target Information

Winningtemp, a Swedish employee engagement platform founded in 2014 in Gothenburg, has successfully secured €15.1 million in a Series B funding round. This latest investment, co-led by Frog Capital from London and Bonnier Ventures from Stockholm, follows an earlier funding of €3.5 million received in early 2019 from the Norrsken Foundation. Winningtemp's innovative platform leverages over 600 international scientific studies, utilizing an AI system to provide predictive insights and recommendations aimed at enhancing employee engagement, reducing workplace stress, and improving productivity while minimizing turnover.

With a growing presence in the UK market, Winningtemp counts among its clients notable names such as Global Marine Group, Acorns Children’s Hospice, Xoserve, and Seashell Trust. Currently, the company serves approximately 600 organizations with around 100,000 active users across more than 20 countries, positioning itself for further international expansion with plans to penetrate the United States market.

Industry Overview

In recent years, the employee engagement sector has gained significant traction in Sweden, driven by an increasing awareness of the importance of workforce motivation and mental well-being. Companies are now recognizing that engaged employees are directly l