Employee wellness startup Keas raises $8m from Ignition, Atlas


dollar3_170sqVenture capital firms Ignition Partners and Atlas Venture invested $8m in corporate health and wellness startup Keas.

The company has seen the number of users and enterprise clients more than double over the past year.

It also said that demand for corporate health and wellness programs had skyrocketed as enterprises seek to comply with the Affordable Care Act.

Keas added that Pandora, Valeant Pharmaceuticals and KLA-Tencor have joined its client base, which includes Pfizer, BAE Systems and Living Social.

Atlas Venture partner Jeff Fagnan said, “Keas is accelerating the adoption of human capital management applications that are consumerized, gamified, and mobile.

“It is driving record employee engagement for America’s largest enterprises, and as a result, driving up employee productivity. This is the key to sustaining growth.”

Earlier this year Ignition closed its fifth fund on $150m after a significant restructuring saw it scale back its fundraising ambitions.

Copyright © 2013 AltAssets