PepTalk, the Team Experience platform founded by cousins James Brogan and Bernard Brogan, has announced completion of a €3m 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.
Founded in 2017, PepTalk has developed what it styles as the world’s first Team Experience (TX)™ platform, underpinned by behavioural psychology and academic research.
The platform helps organisations, 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.
VentureWave Capital is led by Alan Foy, Brian Martin and Kieran McLoughlin. The fund says it 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 VC Haatch.
In Association with
PepTalk has 23 full-time employees, with offices in Dublin, London, and now the new office in New York. The company said it is aiming to double growth over the next 12 months and hire 12 additional members across sales, marketing, and technology.
PepTalk said its customers include Verizon, PayPal and Elavon.
James Brogan commented: “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 US 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 organizational 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.”
Donnchadh Cullinan, Head of ICT HPSU, Enterprise Ireland, added: “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.
“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.”
