Worklete Raises $6.5M Series A Led By Trinity Ventures

Worklete Raises $6.5M Series A Led By Trinity Ventures

Today we are thrilled to announce that we have secured a $6.5M Series A led by Trinity Ventures with participation from Launch Capital, River Park Ventures, Aspect Ventures and Kapor Capital. Other strategic investors include Dave Yarnold and Gokul Rajaram and Karan Mehandru from Trinity Ventures will join our board of directors. Read the full press release.

In 2017, Workers compensation claims cost US companies $96B in direct costs alone, according to an internal analysis by the company. Sixty-four percent of direct workplace injury costs are incurred by errors in human movement, including overexertion, bodily reaction, and falls, according to Liberty Mutual Group.

Worklete’s technology platform prevents musculoskeletal injuries by teaching employees how to use their bodies correctly and commit those movements to habit so that, even under physical stress, they default to strong, stable physical positions. Employers typically realize upwards of 50 percent decreases in injuries and resulting claims, leading to triple-digit return on the Worklete investment.

“Since partnering with Worklete, our overexertion and musculoskeletal injuries decreased by over 60% in the first year following implementation. We have been able to sustain this improved performance thanks to consistent messaging, fantastic employee reception and engagement, and our ability to track participation through reporting,” said Tim Smith, Vice President of Safety at Hub Group, Inc. “Worklete has been a crucial block in the foundation of our impactful safety culture that improves our team member's lives, both at work and at home. It’s even more exciting to see the new developments within the Worklete platform that will help us continue to raise our performance goals and driver engagement.”

Worklete was founded by CEO Benjamin Kanner, whose father ran a safety and movement consulting business for three decades. Kanner, a serial technology entrepreneur who also worked for his father as a movement consultant for over ten years, joined forces with Worklete COO and co-founder John Post and medical advisor Dr. Kelly Starrett to address worker safety in a cost-effective and scalable way. The company is addressing a need and population segment often underserved by the innovation economy.

“Most people don’t know how to move correctly because they’ve never been taught. Movement matters; when poor movement practices are compounded with hard physical labor, the risk of injury escalates dramatically. Worklete is here to fix that. We aim to become the most reliable, scalable, and enjoyable way to improve employee movement and health,” says Worklete founder and CEO Ben Kanner. “Workplace injuries not only impede workplace performance and cost companies billions of dollars. They truly impact people’s lives--both at work and at home. We help hard working folks in physically demanding jobs stay healthy and pain free, not just so they can do better work, but also so they can live fuller lives.”

“I was inspired by Ben’s mission to leverage decades’ worth of fine-tuned movement best practices to improve the daily lives of millions of hard working members of our society. It’s clear from speaking with people from a wide variety of industries, ranging from nursing to transportation to warehousing, that Worklete’s impact is immediate and profound,” says Trinity General Partner Karan Mehandru. “The result is greater than 95% engagement from employees on the Worklete platform and millions of dollars saved by employers weeks after deployment. I’m proud to invest in a company that is having such a positive impact on a population that is a huge and integral part of our economy but often neglected by the tech ecosystem.”

To learn more about why Trinity Ventures invested in Worklete, check out this Q&A between Worklete’s CEO Ben Kanner and Trinity general partner Karan Mehandru. Worklete: Turbocharging a multi-generational quest for workplace safety

Date: 08-02-2018
By: Laina Reginelli
Tags: News

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