PepTalk is doubling staff at its New York office after winning global blue chip deals.
PepTalk, a business founded by cousins James Brogan and Bernard Brogan has completed a $3.6m funding round led by Venture Wave Capital.
The funding will be used to scale the company in the US with CEO, James Brogan relocating to PepTalk’s newly opened New York office to serve an increasing market demand amongst North American customers.
“There is now an increasing realisation of the correlation between employee wellbeing, diversity and engagement with organisational performance”
The latest round of funding was led by VentureWave Capital, an impact investment fund headquartered in Ireland, led by Alan Foy, Brian Martin and Kieran McLoughlin. The fund works with high growth companies to invest and build global ‘technology for good’ that will deliver real societal benefits. PepTalk is also supported by Enterprise Ireland and UK based VC company, Haatch.
Team Experience platform
PepTalk currently has 23 full-time employees, with offices in Dublin, London, and now the new office in New York City. The company expects to double growth over the next 12 months and hire 12 additional members across sales, marketing, and technology.
The software company has experienced strong growth in recent years, reaching over 50,000 employees across four continents and winning the addition of a significant number of global multi-year partnerships with blue chip clients including Verizon, PayPal and Elavon.
In recognition of PepTalk’s rapid growth, the company was recently recognised as part of Deloitte’s Fast Tech 50 as one of fastest growth technology companies in Ireland.
Founded in late 2017, PepTalk has developed what is described as the world’s first Team Experience (TX) platform, underpinned by cutting edge behavioural psychology and academic research. The platform helps organizations, managers, and employees identify and develop habits and behaviours to bring leaders and their teams together to address the ongoing challenges with connection, engagement and productivity in the modern workplace.
“We are delighted to be partnering with VentureWave for our global expansion into the US,” said CEO James Brogan.
“We are a mission driven business, and it is unique to find an investor that aligns so strongly with our own values. We believe this partnership has the potential to transform our business and we’re thrilled to be working with Alan, Brian, Kieran and the wider global advisory council on our U.S. expansion in 2023.”
VentureWave managing partner Brian Martin, who will join the Peptalk board, said: “We believe the space PepTalk is in is incredibly exciting and are delighted to be working with James and Bernard as they grow the business globally. There is now an increasing realisation of the correlation between employee wellbeing, diversity and engagement with organisational performance. PepTalk has built a scalable platform that makes it easier for enterprise leaders to deliver this. As part of our investment, the founders have set out a series of impact goals they will aim to achieve and report upon.”
“Enterprise Ireland has worked closely with Peptalk since its establishment and it is exciting to see this highly innovative company go from strength-to-strength,” added Donnchadh Cullinan, Head of ICT HPSU, Enterprise Ireland.
“The expansion of its US base and the announcement of the creation of these new jobs across the three locations is testament to the ambition and potential of the team. Enterprise Ireland looks forward to continuing to support Peptalk as it scales further and continues to expand its global market reach.
Main image at top: Cousins and co-founders James Brogan and Bernard Brogan at Penn Station, New York City