April 8, 2024

Happl closes venture investment round led by 6 Degrees Capital and Ascension

London, UK - Happl, the global employee benefits and engagement platform for scaling businesses, today announced it closed its next investment round led by 6 Degrees Capital and Ascension, along with continued participation from YCombinator

Happl offers a personalised employee benefits and engagement platform. Happl is the first fully connected and integrated benefits platform, weaving together a broad range of benefits into one platform. These encompass health insurance, group benefits, financial assistance, learning and development opportunities, gifting, and more. Through its AI-powered benefits assistant, Happl is able to offer a personalised journey and thus target employees with benefits they genuinely care about.

The funds from this financing round will be strategically utilised to enhance Happl’s go-to-market strategy and introduce various innovative features. These advancements aim to make a real difference in the lives of more employees, particularly in the current economic climate, by simplifying administrative tasks, reducing costs for employers, and increasing employee savings. We are committed to improving the well-being of employees, and this is just the beginning. 

Founder Ben Towers said, “Our mission is to help employees feel like they belong, and this fundraise allows us to take the next steps to achieve this. In the current climate, companies are looking for more ways to support their employees, helping them save money on day-to-day services like childcare and transportation to having fast access to doctors anytime. I am immensely proud of the team for building such a great product and thankful to our customers for their support and guidance as we grow.”

Hilmar Eggertsson, 6 Degrees Capital, commented, “We are thrilled to back Ben and the Happl team in empowering the modern workforce. Impressed by Ben's exceptional advancement of Happl, he leads a lean team with a sharp focus on unit economics and scalability, remarkably penetrating the enterprise sales market early on. Happl's unique blend of personalisation and operational efficiency positions us at the forefront of redefining employee benefits and well-being, promising an exciting journey ahead in a vast €700bn insurance & benefits market”.

To date, Happl has raised $5 million in equity financing. The round is led by 6 Degrees Capital and Ascension and participation from Y Combintator (further investing from the previous round), Haatch, Pitchdrive, Backfuture and angels, including Clearscore and Salary Finance co-founder Dan Cobley. These investors join the already impressive backers of Happl, including Tom Blomfield (co-founder of Monzo & GoCardless), Helmut Schuster (former CHRD of BP), Sophie Adelman (co-founder of Multiverse) and Rob Wilmot (serial entrepreneur and investor).

Emma Steele, Ascension, adds, "Ben is one of those founders who massively progresses their business by every single touch point you have with him. This is evidenced by Happl's impressive early traction with enterprise. Backing him was a no-brainer for us as he is a builder, a visionary, and completely mission-aligned with the social ambitions of the fund. We love Happl’s disruptive positioning to make benefits actually beneficial to all employees.”