- Mo enables individuals, teams and organisations to capture, celebrate and elevate moments at work by becoming the destination for people to share and engage in what is meaningful to them at work.
- Mo believes meaningful moments have the power to connect people, improve employee engagement and create a culture that improves business performance.
Calculus Capital led the £3.0m new investment round with the continued support of the Northern VCTs managed by Mercia Fund Management, which first invested in Mo in 2018.
The London based company provides a SaaS (Software as a Service) platform to help organisations improve their culture, connect their people and improve employee engagement. Mo’s core product, ‘Moments’, captures moments of appreciation, recognition, inspiration, success, connection and more. The platform provides the means to distribute monetary and non-monetary rewards, nominate employees for awards and collect and vote on ideas to improve the company.
The product suite also offers detailed analysis of engagement levels, relationship trends and behaviours supporting corporate values, thus enabling human resources and operational management teams to drive positive change.
Mo believes the modern day worker wants more from their place of work – they want to be valued for their contribution, connect with people that can enhance their career and be a part of a culture that breeds success. Mo has developed a deep understanding of what matters to the people at work and focusses its efforts on building value in organisations from the bottom up.
The company, co-founded four years ago by CEO, Luke Fisher and CTO, Merlin Mason, together with an exceptional management team with experience at brands such as Tandem Bank, Yuno Juno and Carwow, have built a differentiated product and a standout brand in an aged market of employee reward and recognition. The product is used in more than 45 countries around the world and with well-known organisations such as SHL, the O2 and William Hill.
CEO of Mo, Luke Fisher says: “We are delighted to complete a further funding round with investors who share our vision. It provides a really meaningful opportunity to capitalise on the growth opportunities emerging as the world of work continues to see accelerated change.”
Daniela Tsoneva, Assistant Investment Director at Calculus Capital says: “Now more than ever, with the requirement for increased home working, it is important employees feel engaged and motivated. Luke impressed us from our first meeting. We are delighted to invest in such a talented team with such a strong product.”
Jason Warren, Investment Director at Mercia says: “Building and maintaining a strong culture is crucial to an organisation’s long-term success, especially as teams become increasingly distributed. The team at Mo has used their passion and expertise to develop a great product that can help tackle a pressing issue for companies at the moment. We are excited to continue our support.”