Swedish startup Winningtemp raises €3.2 million for its employee and organisational wellness app

winningtemp

Gothenburg-based HR startup Winningtemp has developed a solution for “the real-time visualisation of individual progress and how it is linked to the progress of the organisation.” The startup has just raised €3.2 million in funding from the Norrsken Foundation, Chalmers Ventures, and Almi Invest.

The startup will use the funding to further develop its app, which measures how employees in an organisation feel, and helps supervisors to problem solve. The purpose of the app is to improve the mood of employees at work, and reduce the number of sick days.

“Mental health is a big and growing problem,” said Tove Larsson, investment manager at Norrsken. “Several kinds of solutions are needed to address this.”

Winningtemp’s app regularly poses various research-based questions to employees. The results are anonymised and then visualised so that the manager receives an overview of employee wellbeing, and the app also indicates whether there is a risk of mental illness, and suggests what measures could increase the mood of employees on the job.

Founded in 2014, Winningstemp already exists in more than 15 languages. The startup had sales of €244k in 2017, and expects to reach €5.4 million in revenue in 2019.

With the new capital, Winningtemp plans to conquer the English market, and triple its  number of employees from 20 to 60 in 2019.

According to co-founder Pierre Lindmark, the major challenge for supervisors who handle employee stress issues is a lack of time to deal with the problem.

Lindmark said: “You need to work more quickly with your staff. It’s about sitting down more often than once a year. Our tool helps managers to tune in more often about goals and different development efforts.”

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