Wavy, a Toronto, Canada-based operating system for company culture, raised CAD$2.5m in seed funding.
The round was led by Laconia Capital, with participation from Garage Capital, Two Small Fish Ventures, Archangel, Backbone Angels, and others, including 12 early-stage women angel investors.
The company will use the funding to accelerate the ongoing development of its culture platform, grow its global team, expand its marketplace of experience creators, and engage one million employees across its customer base.
Co-founded by Shawn Hewat, CEO and Neshay Ahmed, CTO, Wavy empowers people leaders to plan flexible events, collaborate across teams, gain visibility on spend and engagement, and measure the impact of their culture and team building initiatives. Its Culture Management Platform acts as a central hub that enables leaders to build company culture with their people. This helps companies attract new hires, create a sense of community, increase employee satisfaction, and improve retention over time. Using Wavy, companies can engage employees in the culture development process and ensure visibility of these efforts across teams. It also equips leaders with the tools needed to measure the long-term impact of culture initiatives, for team building, learning, wellness, or social good.
Since launching its Experience Marketplace in 2020, Wavy customers have engaged in experiences across food, drink, games, arts, wellness, and entertainment.
Wavy has worked with hundreds of companies around the world including high-growth tech companies such as Wattpad, FundThrough, Guusto, Relay Financial, and Achievers; and large enterprises such as Intuit, Shopify, Deloitte and Intact.
FinSMEs
14/04/2022