NVM supports startup Mo with £2.2M in growth capital

NVM Private Equity, the investment firm stationed out of Newcastle, has recently contributed seven figures to employee engagement startup Mo.

Mo, formerly trading as Thanksbox, provides proprietary technology to help organisations build stronger cultures and give employees greater meaning in the workplace.

The London-based business will use the £2.2m growth capital from NVM to scale up, expand its team and develop its platform.

NVM connected with Mo at a showcase hosted by Creative England in London last year.

The event offered early-stage companies the opportunity to pitch to potential investors and NVM was reportedly impressed with Mo’s co-founder and CEO, Luke Fisher.

NVM’s Jason Warren, who has taken a seat on the Mo board, said: “This is a really exciting deal for NVM.

“We were impressed from the outset by the clear vision Luke has for the business and the traction he has achieved over the last few years; it’s exactly the type of early-stage business we look to support.”

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