PORTFOLIO — Tech For good

Edays

Edays is an employee absence management tool designed to help customer organisations improve operational efficiency and reduce absenteeism.

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Key Facts

Initial investment: 06/11/2017

Sector – Tech for Good

Fund — Impact Fund I

Status — Current

Investment highlights

Undertook pricing review using specialist from our network resulting in >30% improvement in pricing.
Significant investment in people including growing sales, development and support functions and supporting senior hires in marketing and customer experience.
Establishment of a partnership sales channel which has now grown to 7 active partnerships and significant contribution to recurring revenue.
Significant enhancements to the product including development of additional modules supporting a 50% increase in users worldwide since investment.
Helped the business scale their impact by supporting increased employee productivity and wellbeing.

Partnership Motivation

Edays is the type of business we set out to support with our Impact Fund as its software helps companies enhance employee wellbeing and improve absentee rates. By analysing staff sickness data, the software helps companies become more responsible and helps identify underlying trends to pre-empt future absence.

Edays presents a significant opportunity as it is estimated that 131 million days are lost to sickness absence in the UK per year and circa 50% of organisations do not calculate employee holiday and absence or manage it effectively.

Jon Maddison – CEO, Edays

Jon has more than a decade’s experience of leading successful Software-as-a-Service businesses in key leadership roles in prominent software organisations.

Jon holds a Bachelor of Science degree from the University of Surrey and an M.B.A. with distinction from the University of Bath, UK. Outside of work, Jon spends his valuable spare team with his young family and keeping active through cycling.