Stayf, an Oxford, UK-based B2B SaaS startup that provides a workforce wellbeing platform, has closed €650,000 in pre-seed funding.
Investors
The round was led by AltaIR Capital, Yellow Rocks, and Smart Partnership Capital, with participation from Somersault Ventures, Mark Younger (ex-Apple), and angels from Dentsu and Bain & Co.
AltaIR Capital is a venture capital firm based in San Francisco, California. Founded in 2005, the firm prefers to invest in seed-stage companies operating in productivity tools, the future of work, SaaS, fintech, insurance technology, AI, and digital health sectors.
Yellow Rocks! is a venture capital firm based in San Francisco and Lisbon, investing in rapidly growing early-stage tech companies targeting the global market. Founded in 2021, the firm focuses on the Future of Work, Edtech, and FinTech startups.
Founded in 2020, Smart Partnership Capital is a venture capital investment firm investing in seed to early-stage companies focused on B2B SaaS.
Stayf Use of Funds
The company will utilized the funding to further develop its product and expand its sales team. Specifically, the funds will be allocated towards enhancing the platform, preparing for launch in the US market, and building a robust sales infrastructure.
About Stayf
Founded in 2023 by Max Zhurilo and Kirill Primaka, Stayf is on a mission to empower organizations to prioritize the well-being of their workforce. Stayf offers a platform that enables employees to develop social bonds and engage in wellbeing challenges, ultimately enhancing their overall happiness levels. The company's platform offers to monitor progress for all participants and drive team engagement, enabling companies to develop a stronger bond with employees, leading to improved productivity and reduced turnover. The company services renowned clients such as Schneider Electric, MARS, and the University of Oxford across the UK and the MENA region.
Funding Details
Company: Stayf, LTD.
Raised: €650K
Round: Pre-Seed Round
Funding Month: March 2024
Lead Investors: AltaIR Capital, Yellow Rocks, Smart Partnership Capital
Additional Investors: Somersault Ventures, Mark Younger, angels from Dentsu and Bain & Co
Company Website: https://www.stayf.app/
Software Category: Workforce Wellbeing Solution
Source: https://www.eu-startups.com/2024/03/london-based-digital-wellbeing-platform-stayf-raises-e650k-to-prevent-employees-from-burnout/