Mo scales up with £2.2m NVM investment
NVM Private Equity (NVM) has committed £2.2 million of growth capital into London-based recognition, employee reward, and ideas platform, Mo. Formerly known as Thanksbox, Mo provides proprietary technology to help organisations achieve success by strengthening relationships, sharing ideas and building stronger cultures and giving employees greater meaning at work. NVM’s investment will be used to accelerate scale up of the business, expand the team and to deliver further technical progression in the platform.
Mo connected with NVM at a London showcase event in 2018 hosted by Creative England which offered an opportunity for early-stage companies to pitch to potential investors. NVM were immediately impressed with co-founder and CEO Luke Fisher, and there has been an alignment of interest from day one. Luke, who previously worked at WorldPay, has made incredible progress and in just three years the business developed a strong product and successfully implemented it into several large and well-known organisations such as Nuffield Health, William Hill, the NHS and the O2 Arena.
Luke is part of a young and passionate founding team, with a great balance of commercial and technical experience. Jason Warren, who has taken a seat on the board for NVM, says: “This is a really exciting deal for NVM. We were impressed from the outset by the clear vision Luke has for the business and the traction he has achieved over the last few years; it’s exactly the type of early-stage business we look to support. Organisations are placing more and more focus on employee engagement and we believe there is great potential for Mo to work alongside them to improve their culture.”
Luke Fisher, CEO of Mo, said: “We’re absolutely delighted to have partnered with investors that believe in our story and our ambition to create a better future of work.”