Tictrac raises $7.5m from Puma Private Equity

Apart from Puma, which provides growth capital to small and medium-sized businesses across all sectors and regions of the UK, the company has so far raised $17m in funding from investors including US venture capital firm Exponential Partners, tennis player Andy Murray and American basketball player Carmelo Anthony.

The latest funding will allow Tictrac to further expand its two platforms: Employee Wellbeing and Enterprise.

Previous funding
In 2015, Tictrac raised an undisclosed amount from NBA athlete Carmelo Anthony in a seed funding round. In July 2016, it raised £4m in a series-A funding round led by Exponential Partners.

Company
Founded in 2010 and based in London, Tictrac provides two software-as-a-service platforms: Employee Wellbeing and Enterprise. The Employee Wellbeing platform helps companies tackle stress and health problems faced by employees, while the Enterprise platform helps businesses offer customers data-driven apps to help them make better health decisions. The company counts Aviva, Allianz and Prudential as its customers. According to its LinkedIn page, it employs 50 staff.

People
Tictrac – Martin Blinder (CEO, founder).
Puma Private Equity – Rupert West (managing director).

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