Employee development platform Sunlight raises £500,000 seed funding
The London-headquartered start-up will use the fresh funds to further expand into new territories and sectors, as well as increase its headcount
Sunlight, an employee development platform, has raised £500,000 in seed funding after being backed by Speedinvest, Seedcamp, and Annection – as well as a group of angel investors.
Headquartered in London, the start-up helps businesses create a ‘learning culture’ amongst employees by helping businesses better manage and control employee career development.
Via its online platform, business owners can control employee training budgets and approve requests on everything from books to events – while only getting charged for what they use in one monthly invoice.
In addition, Sunlight collects data from the platform to spot trends, suggest new courses, and even flag when someone is looking at learning tools outside of their current job description – allowing HR to quickly see how they can best support an individual.
Founded in 2016 by brothers Carlos and Juan Lagrange, the duo count the likes of Wonderbly, Skimlinks, TypeForm, Performance Horizon Group and The Girl Effect as clients.
The current funding round brings Sunlight’s total funds raised to £600,000 including prior investment from Seedcamp and Annection, who have reinvested, Techstars and a previous loan from Virgin Startup.
In addition, the start-up now counts Speedinvest as a “key investor” with strong links to the US to aid expansion, and angel investors such as Charles Wiles and X.
Sunlight will use the fresh funds to further expand into new territories and sectors, as well as increase its headcount.
Carlos Lagrange, CEO and co-founder of Sunlight, said:
“Our mission is to unlock the world’s potential. Learning opportunities are quickly becoming a key driver for the new generation entering the working world and we know that within the tech industry, scale-ups need to find ways to stand out and attract talent when competing against goliaths.
“Offering opportunities to learn is a great way to attract and retain talented individuals within your business, as you grow. Sunlight makes this easier for everyone and democratises the old system many companies currently use.
“This seed round is a key moment for us as we look to work with even more exciting companies and scale up the size of teams that the platform can support.
“We’ve been supported by an incredible list of investors and believe their expertise and connections will play a big role in the future 18 months of Sunlight’s journey.”