Virgin Pulse secures $92M from Insight Venture Partners

Virgin Pulse

Virgin Pulse has closed a new round of funding worth $92 million, which will be used to accelerate the company’s “impressive growth and customer success.” Insight Venture Partners led the round with participation from existing investor, Virgin Group. As part of the deal, Nikitas Koutoupes, managing director; and Anika Agarwal, vice president at Insight Venture Partners, will join Virgin Pulse’s Board of Directors.

“Virgin has long held the belief that if you take care of your employees, they’ll take care of your business,” said Sir Richard Branson, Virgin Group Founder. “Virgin Pulse is the perfect example of an organization that’s helping companies do precisely that.”

The company has recently launched its next-gen workforce well-being platform that enables enterprise clients to increase employee engagement and productivity, build culture, and decrease healthcare costs by providing employees with tools that help them form habits that matter.

“With this investment, Virgin Pulse will accelerate our creation of market-leading products that change lives and create sustainable and satisfying results for companies and their employees,” said Chris Boyce, CEO of Virgin Pulse. “We plan to delve further into the scientific research that backs our habit-forming platform, hire new team members, and potentially make some acquisitions.”