The new round sees Workvivo’s valuation more than triple. The company has year-on-year growth over 150% in the $300 billion employee experience market. Workvivo has more than 300 customers in 90 countries across the globe.

Workvivo, the employee experience app designed to emotionally connect and engage employees everywhere, today announces $22 million in new funding led by Tiger Global. The new funding more than triples the value of the employee communications company.

Workvivo, founded by John Goulding and Joe Lennon, previously raised $16 million from Tiger Global, Frontline Ventures and Enterprise Ireland bringing their total funding to date to $38 million. The news comes after the company experienced over 150% year-on-year growth for the past 3 years.

The new funding will be used to fuel the next stages of the product journey, building innovative features designed to bring company culture to life and humanize the digital workplace experience. In the last year, the company has opened new offices in Boston, London and Dublin and the team has grown sixfold since 2020, with headcount reaching 123.

Since the pandemic, the number-one challenge for organizations has been to meaningfully engage and connect staff. Workvivo research previously found that 60% of employees plan to leave their jobs and a staggering 98% of HR professionals have experienced burnout in the last six months. With looming economic challenges, companies are prioritizing retaining their best talent. Workvivo has helped hundreds of companies, including Fortune 500s to unite and connect their staff and drastically improve employee engagement and satisfaction.

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