Sanctus secures £4.25 million to advance its mission of bringing coaching to the workplace.
Sanctus, one of the first organisations in the UK to offer 1-2-1 coaching for employees in the workplace, has closed a £4.25m investment round led by Scale Up Capital, and advised by the team at PWC Ventures.
The funding round follows two consecutive years of record growth for the business and will enable Sanctus to strengthen its team, invest to make its platform and service best-in-class, and expand into new geographies.
In addition to the injection of capital, which marks an important milestone for the business following five years of bootstrapped growth, the investment round unlocks the opportunity for Sanctus to benefit from ScaleUp Capital’s Scaler Programme and experience in the sector.
The investment comes at a time when Sanctus are embarking on their journey towards B-corp status, driven by a commitment to scale in a way that is healthy for everyone.
James Routledge – Sanctus Co-Founder, commented:
“Since 2016 we’ve done a lot with relatively little investment, steadily building a strong foundation of incredible partners and world class coaches. I’m so proud of what we’ve done to pioneer a real movement around workplace well-being and now is the right time for us to invest in amplifying our impact.”
Frank Hyman – ScaleUp Capital, COO:
“We’re excited to be supporting Sanctus on their scale-up journey. Their ‘human-first’ approach to coaching has already delivered outstanding growth, as well as impressive outcomes for their clients, and we are delighted to part of the next chapter.
At ScaleUp Capital we work very closely with emerging growth businesses, providing them with funding and a structured, scaling methodology via our Scaler Programme, including putting a team on the ground covering strategy, talent, change and finance disciplines. We’re looking forward to supporting Sanctus’ talented team on this next phase of their growth journey.”