Vistara Growth provides development capital to HR technology company meQuilibrium
Vancouver, Canada and BOSTON, December 14, 2021 /PRNewswire/ — Vistara Growth today announced its investment in meQuilibrium, the leading digital resilience solution for organizations to holistically address burnout, stress, purpose, performance and employee well-being.
At a time when businesses are struggling to retain and hire staff, the need for a resilient workforce is more imperative than ever. Vistara’s investment helps meQuilibrium better serve the needs of more Fortune 500 companies by accelerating the execution of its innovative product roadmap, continuing acquisitions of complementary technologies and launching new ones go-to-market initiatives. The company’s revenues have experienced a 3-year compound annual growth rate (CAGR) of over 50%.
Proactively build workforce wellness and resilience
“There are a number of HR tech companies trying to address the mental health and wellbeing of the workforce; meQuilibrium’s science-based, data-driven approach to creating and delivering programs provides a proven solution for empowering employees and mitigating behavioral health risks,” said Kathleen Kaulins, Director, Investments at Vistara Growth. “Our goal is to help the company quickly recruit additional talent to meet growing customer demand and further innovate its offering.”
Many employees are feeling drained and anxious due to the demands of an increasingly complex and connected work environment, exacerbated by the disruptions and uncertainty of the ongoing COVID-19 pandemic. Many companies are now prioritizing employee well-being and focusing more on building a more resilient workforce. meQuilibrium offers organizations a proven solution designed to help reduce employee turnover and increase productivity.
“While most employee assistance programs are reactive, meQuilibrium’s solution proactively helps employees develop the skills needed to prevent burnout,” said Noah Shipman, Partner at Vistara Growth. “Rather than generic content or reactive crisis management offerings, meQuilibrium’s highly personalized offerings drive strong engagement among user employees, making it the platform of choice for companies serious about investing in good well-being and employee resilience. We’re excited to help bring this innovative platform to more people.”
“We are excited to partner with Vistara to fuel meQuilibrium’s growth in 2022 and beyond,” said Jan Bruce, CEO and co-founder, meQuilibrium. “With workforce wellbeing and performance a priority for employers during a time of record turnover and continued disruption, meQuilibrium is ready to support a broader and more diverse global customer base with a team expanded and new solutions.
meQuilibrium has been recently and consistently recognized for its growth and innovation through its inclusion in the Financial Times 2021 Fastest Growing Companies, Inc. 5000 list in 2021, 2020, 2019, Deloitte Rapid 500 Technology Awards in 2021, 2020, 2019, SaaS Award Best Product in HR 2021, and the MassTLC Tech Top 50 2021. Additionally, meQuilibrium earned a customer NPS rating of 73 (June 2021).
For more details on Vistara’s investment thesis, read Why we invested in meQuilibrium.
meQuilibrium is the #1 digital solution to build employee resilience at scale for global Fortune 500 companies, helping companies innovate and weather uncertain times. meQuilibrium harnesses the science of resilience, AI, predictive analytics, biometrics and neuroscience to help companies develop the well-being and potential of their workforce. Learn more about meQuilibrium.com.
About Vistara Growth
Vistara Growth provides highly flexible debt and growth capital solutions to leading technology companies around the world. North America. Founded, managed and funded by seasoned finance and technology operations executives, “Vistara” (Sanskrit for “expansion”) is focused on growing the ambitious entrepreneurs in whom we invest, our investors, our people and communities in which we operate. For more information, visit vistaragrowth.com
SOURCE Vistara Growth