Jessica O'ConnorEmployee engagement app and intranet software solution, Oak Engage has today announced an investment from leading regional private equity firm, NorthEdge.
The Newcastle-based tech company provides a mobile-first experience for disconnected workforces and enables businesses to build enhance productivity and boost operational efficiency.
This latest injection of capital will be used to continue their rapid growth and fund further investment in business capabilities.
Oak Engage is use by major brands including Aldi, Burger King UK and Five Guys.
Oak’s app empowers teams to reach deskless workforces and uses artificial intelligence (AI) to deliver personalised communications.
Will Murray, CEO at Oak Engage said: “Oak Engage is entering an exciting phase of accelerated growth and this milestone marks a pivotal step in our journey.
“The backing we’ve received is an endorsement of our vision and a reflection of the exceptional commitment and talent of our team. I’m proud to lead the business through this next chapter with the support of NorthEdge.”
He added: “We are very grateful to Maven Capital Partners for their support in laying the foundations for this transition and we also thank Ian Richards and Northstar Ventures for their backing.
“As we look ahead, our focus remains firmly on scaling our capabilities – investing in our people, our product, and the experiences we deliver for our customers and their employees.
“We have already built an award-winning platform that is receiving global recognition and delivering meaningful outcomes that improve the way businesses operate. This investment will allow us to continue this work and be a true disruptor in the industry.”
Dan Matkin, director at NorthEdge said: “We are delighted to be backing Will and the highly ambitious team at Oak Engage to continue the growth of the business following their success over the last few years.
“The business operates in a fast-growth market that continues to evolve at pace, Oak Engage’s well-invested platform means they are well-placed to capitalise on the increasing demand for employee engagement tools.”
