PepTalk, the Dublin-based employee wellbeing platform provider founded by cousins James and Bernard Brogan, has closed a €3 million 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 a new office in New York to serve increasing market demand from North American customers.
“One thing that I and Bernard share is ambition, and we’re globally ambitious here because the US presents a tremendously exciting opportunity,” he said. “I’m moving here with my two young children and my family – to be the local founder, so to speak.
“For us it is very important to convey our ambition and we want to pass on the culture and what we have learned.
“Having worked with US multinationals, we are very confident that we have something they need. Now is our chance – and US expansion will be the big focus.”
Cousin Bernard, a seven-time All-Ireland winner, expects to spend at least a week in the US each month. He is aware that unlike Dublin, the Brogan name will carry little weight in the United States.
“I am moving with my two young children and my family”
“The name is well known in Ireland. But PepTalk is a separate entity and has to stand on its own in terms of marketing, collateral, innovation and product,” he said.
The latest funding round was led by high-growth VentureWave Capital, an Irish-headquartered impact investment fund led by Alan Foy, Brian Martin and Kieran McLoughlin. PepTalk is also backed by Enterprise Ireland and UK-based VC firm Haatch.
PepTalk currently has 23 full-time employees with offices in Dublin, London and now the new office in New York City.
The company expects double-digit growth over the next 12 months and will hire 12 additional employees in sales, marketing and technology.
Founded in 2017, the software company has grown rapidly in recent years, reaching over 50,000 employees across four continents and winning a significant number of global multi-year partnerships with blue chip clients such as Verizon, PayPal and Elavon. said James.
It has developed what it calls the world’s first team experience (TX).
Platform, backed by what it says, is state-of-the-art behavioral psychology and academic research.
It helps organizations and employees identify and develop habits and behaviors to overcome challenges in the modern workplace, Brogan said.
https://www.independent.ie/business/irish/eight-all-irelands-between-them-and-now-brogans-peptalk-raises-3m-for-us-move-42209361.html Eight All-Irelands together and now Brogans’ PepTalk is raising €3m for the US move