StepJockey raises £600,000 to fuel growth and corporate wellness innovation

StepJockey Ltd today announced that it has secured £600,000 in new investment capital to drive the company’s growth in the corporate wellness and facilities management sectors. The investment round was led by London Business Angels (LBA) and was supported by Angels in Med City and Capital Enterprise. It includes substantial participation from Sevenex Capital Partners, the London Co-Investment Fund as well as a consortium of private investors.

StepJockey promotes wellness and fights sedentary behaviour in multi-storey office buildings by labelling stairs for calorie burn and gamifying stair use by staff. Combining the latest near field technologies and behavioural economics, StepJockey’s unique smart signs and gamification platform enable employers to make their offices visibly healthier and more active without the need for large-scale capital investment. Benefits include:

• More active and engaged employees
• An ability to impact all staff within an office (not just the active minority)
• Quantifiable ROI via time, energy and carbon savings
• Rich data feedback for wellness, sustainability and CSR reporting

StepJockey was seed-funded by the UK Department of Health via the Small Business Research
Initiative (SBRI). It effectively combats sedentary behaviour in large office buildings – a leading cause of long-term illness and lost business productivity.

Since launch in November 2013, StepJockey has labelled more than 6,000 staircases in 90 countries. Customers include Deloitte, Disney, Barclays, KPMG, ITV, Jones Lang LaSalle, Lloyds of London and L&G as well a growing number of hospitals, universities and public authorities both in the UK and overseas.

StepJockey will use the new capital to expand its sales, marketing and product development operations. Paul Nuki, co-founder and CEO of StepJockey, said: “We are delighted that such an experienced group of investors have backed StepJockey’s expansion. The new capital will allow us to bring our evidence-based and uniquelyinclusive wellness intervention to many thousands of desk-bound office workers in the UK and around the world”.

London and the South East of England is rapidly becoming a key destination for life science research, development and commercialisation. Dr Eliot Forster, Executive Chair of MedCity, said: “Health-focused entrepreneurs are increasingly embracing the view that helping people to keep healthy and active is at least as important as developing better ways to manage and treat illnesses when they develop. StepJockey is a great example of that, taking a really innovative approach to how people can build activity into their day-to-day lives. I’m delighted to see the company growing and really pleased
that we could support them through Angels in MedCity.”

Sevenex Capital Partners joined with private investors including leading life science analysts Duncan Moore and Mark Tracey as well as Rowan Gormley, CEO of Majestic and Nakedwines.com, in backing StepJockey. Jonathan Feroze of Sevenex said: “StepJockey is not just a very
clever, very scalable idea: it also has the potential to transform aspects of corporate well-being, culture and performance.”

Anthony Clarke CEO of LBA, said: “It is encouraging that Step Jockey already has a
significant number of worldwide customers and revenues from its highly innovative and scalable health and wellness platform which has the potential to change the daily behaviour of
employees at work. It is notable that an LBA syndicate anchored by value-added lead angels investors alongside the 2015 LBA EIS Roundtable Syndicate Fund and our partner the £25m London Co-Investment Fund have also participated in this funding round”.

Further Information
For further information on StepJockey please visit:
www.stepjockey.com
Paul Nuki, Co-founder and CEO, can be contacted at:
Email:
Paul@stepJockey.com
Phone: +44 (0)7770 536 043
A full range of pictures, infographics and case studies are available at:
https://www.dropbox.com/sh/atr41cbu2qisfee/WphM-9Eo4X

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