London, February 26th, 2019 – StoryShare, a leading SaaS Mobile Employee Experience Platform (EXP), today announced it has raised £1.15 million in growth finance led by Gresham House Ventures. StoryShare provides a SaaS platform to help large organisations, with diverse and mobile workforces, engage and develop employees anywhere, any time on any device.
Leading brands including Unilever, DLA Piper and Renault use StoryShare to help their employees love their work. Increasingly companies acknowledge that staff want to use the same type of technology they use at home at work. StoryShare enables this by delivering a “Netflix” style experience to communication and learning and is proven to significantly improve employee engagement and productivity.
Rob Dumbleton, CEO at StoryShare, comments “We’re delighted with this equity raise. It reflects our success in being at the forefront of mobile learning solutions with some of the world’s largest companies. Importantly, it demonstrates the confidence of the investment market in our strategy and product. It gives our team great impetus to accelerate our growth plans and deliver on our mission “to help employees love their work”.
The funding will support StoryShare’s sales and marketing activity in a market which is expected to grow to $37.6 billion by 2020. With more informed employees outperforming their peers by 77 percent (Gartner), mobile optimised platforms are one of the fastest growing solution segments for enterprise.
Henry Alty, Investment Director, VCTs, Gresham House commented “StoryShare is a great example of a business delivering real employee engagement on mobile. They recognise the challenge of making enterprise applications as engaging as consumer apps, and a great list of customers are a testament to their success. We look forward to working closely with them, as well as the new chair Arlene Adams, to further deliver on the growth they’ve seen to date.”
Arlene Adams joins StoryShare as Non-Executive Chairman of the Board. Adams was the Founder & CEO of Peppermint Technology, the leading SaaS Platform for law firms, where she remains on the board. Previously, she held senior CEO and Director roles at Advanced Computer Software Group (previously IRIS), OLM Group, Valista and Sun Microsystems.
Adams commented on her appointment “StoryShare is disrupting the employee experience market by bringing the technology people love using at home into the workplace. The investment from Gresham House Ventures, and the quality of the team, provide a strong basis for growth and the opportunity for StoryShare is exceptional. I am delighted to be working with the team as they embark on this exciting phase.”
The funding round was led by Gresham House Ventures and advisors included Grant Thornton, Reynolds Porter Chamberlain LLP acting for the Company and Shoosmiths LLP acting for Gresham House Ventures.
The Gresham House Ventures team invests equity of up to £5m in growth businesses, supporting founders with bold ambitions for the future, whilst providing transformational capital and expertise to accelerate business potential.
StoryShare exists so employees can love their work
StoryShare is a SaaS Communication and Learning Experience Platform optimised for mobile. The Platform delivers “Netflix style” communication and learning experiences to improve employee engagement and better equip people to do their jobs. The service can reach any employee, anytime, anywhere, on any device.
StoryShare is deployed at leading brands including Unilever, Accenture, Covestro, Renault and Upfield.
For more information on StoryShare, please visit www.storyshareplatform.com.
Gresham House plc is an AIM quoted specialist alternative asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies. The Group’s expertise includes strategic public and private equity, forestry, renewable energy, housing and infrastructure.
Gresham House Ventures, part of the Gresham House Strategic Equity division, seeks to support exciting UK businesses with bold ambitions for the future, by providing transformational growth capital and expertise to accelerate business potential.
Gresham House plc acquired the fund and investment management business of Livingbridge VC LLP in November 2018 and as part of the acquisition the Ventures team, formerly known as Livingbridge Growth, moved across to its new home.
If you would like to find out more about the Gresham House Ventures team’s investment criteria, or if you think you know of a business looking for investment, please get in touch by email to [email protected]. For more information on Gresham House and its range of alternative investment strategies and products please visit: www.greshamhouse.com