Funding

[Funding alert] London-based Stayf Secures €650k in Pre-Seed Funding

Mar 26, 2024 | By Startup Rise EU

  • Stayf secures €650k in pre-seed funding.
  • Stayf is created in a way that significantly affects the user's propensity to partake in activities that advance their well-being.
  • The company was started in 2023 by seasoned businesspeople with background in the wellness industry.
Stayf, a startup on a mission to empower organizations to prioritize the wellbeing of their workforce secures €650k in pre-seed funding.

Stayf, a startup on a mission to empower organizations to prioritize the wellbeing of their workforce secures €650k in pre-seed funding.

Pre-Seed round were led by AltaIR Capital, Yellow Rocks, and Smart Partnership Capital, who also introduced Pre-Seed to Succeed, a new investment initiative for early-stage companies. The round also included participation from Somersault Ventures, Mark Younger (former Apple), and angel investors from Dentsu, Bain & Co.

With the help of Stayf, a B2B SaaS, workers may form social bonds while addressing issues related to welfare and community functioning. The overall satisfaction ratings of 2000 employees rose by 13% on average after 4 months of utilising Stayf.

Read also - Marseille-based Green PRAXIS Secures € 1.4 million Seed Funding

Because the Stayf app leverages the power of social influence within a community and applies the principles of nudge theory—which involves modifying the environment to affect behavior—it sees average engagement levels of 70–80%.

Igor Ryabenkiy, managing partner and founder of AltaIR Capital and partner of Pre-Seed to Succeed program, said: “There are a lot of startups that help businesses to enhance employee’ involvement and performance. The team that knows how to build a sustainable business, community around the product, and how face current challenges in the market will win the race. We think that Stayf has everything that they need to become the winner.”

Sergei Bogdanov, managing partner at Yellow Rocks and partner of Pre-Seed to Succeed program, commented: “We see great potential in Stayf. Its strong, experienced team has already built a promising product that aligns with business needs. Their intuitive, results-oriented wellness program fosters loyal employees through physical and social activities, boosting company productivity. Despite its early stage, Stayf is demonstrating serious traction and has already launched pilot projects with several big clients. Their new challenge is to make their mark by conveying the value proposition to even more market players.”

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Max Zhurilo, co-founder and CEO of Stayf, added: “According to Leadership IQ study, approximately 74% of employees who kept their jobs said their productivity declined after company layoffs. And it’s true, staff retention can be challenging after layoffs so what we do is help businesses unite their workforce during the aftermath and keep them engaged. Implementing only science-backed interventions proven with real-world results (University of Oxford, McKinsey, WHO), Stayf achieves a high engagement rate of 50-80% by designing the program to fit around modern busy personal and corporate lives. The new round that became possible by the Pre-Seed to Succeed investment program allows us to build up the sales team, enhance the product, and prepare for launch in the US.”

Stayf is the first business to benefit financially from the Pre-Seed to Succeed initiative. It is intended for early-stage startups that have first traction and an MVP. AI, B2B, SaaS, FinTech, Future of Work, Productivity Tools, Digital Health, and HR Tech are among the industries it focuses on.

The investment programme provides 50% of the next round of funding for established entrepreneurs, as well as initial money from participating venture companies and ongoing support from seasoned professionals and mentors.

About Stayf

Stayf, their mission is to use the transforming power of physical fitness and wellness—so elegantly packaged into a single app—to elevate corporate wellbeing and foster a healthy corporate culture.

Read also - Guildford-based Nukoko Raises over €1.3 Million in Seed Funding

Their goal is to improve workplace satisfaction, support health and wellness, and bring teams together. It is a clear and determined aim. They build a more contented and healthy workforce while cultivating employee loyalty.

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