Tuesday, 07 August 2018 08:14

Worklete Raises $6.5M Led by Trinity Ventures

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Trinity Ventures leads $6.5 million investment in the digital health platform adopted by large enterprises to prevent musculoskeletal injuries among their workforce. Worklete offers a digital health platform designed to prevent musculoskeletal injuries (MSIs) among labor intensive workforces.

Employers typically realize upwards of 50 percent decreases in injuries and resulting claims, leading to triple-digit return on the Worklete investment. Worklete’s digital health platform integrates into the complex workflows of their enterprise clients.

Savings come from reduced workers compensation claims at work, fewer injury claims outside of work, and lower indirect costs stemming from injuries. Worklete is also well-received by employees: 96 percent of users claim to like or love the platform since it helps them stay healthy and injury-free.

“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 launched commercially at the end of 2015. Clients include multiple large, multinational enterprises, including Nestle Waters and Penske Logistics. Twenty thousand front line employees engaged in physically demanding jobs are actively using the platform today. The company is averaging an 85% pilot-to-customer conversion rate, spurring revenue growth of more than 500 percent over the past 12 months.

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