Virgin Pulse raises $92 million
Framingham’s Virgin Pulse, which helps companies improve the well-being of their employees, has raised $92 million in additional funding.
The company said in a statement Wednesday that the round was led by Insight Venture Partners and included participation from existing investor, Virgin Group. As part of the transaction, Nikitas Koutoupes, managing director, and Anika Agarwal, vice president at Insight Venture Partners, will join Virgin Pulse’s Board of Directors.
The funding round follows the recent launch of the company’s next-generation “Build Habits that Matter” platform for clients, Virgin Pulse said.
“Virgin has long held the belief that if you take care of your employees, they’ll take care of your business. Virgin Pulse is the perfect example of an organization that’s helping companies do precisely that,” said Richard Branson, founder of Virgin Pulse parent Virgin Group.
Chris Boyce, CEO of the 10-year-old Virgin Pulse, said the investment would help with the creation of market-leading products, further its scientific research, and allow it to hire more employees.
“Gone are the days of identifying and treating those who are sick. Today it’s all about truly investing in the overall well-being of our people to help them become happier, healthier, and more productive at work and at home,” Boyce said in Wednesday’s statement.
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