Employee relocation platform PerchPeek has secured £8m in a Series A funding round co-led by AlbionVC and Boston’s Stage 2 Capital. The injection of funds follows a £2m award from venture fund Episode 1 last year.

The London-headquartered firm will use the capital to grow its platform for helping companies build mobile, distributed workforces and streamline overseas relocation.

The company, interviewed by The Mover in April 2021, uses Artificial Intelligence to provide overseas relocation services focussed on online delivery.  The company is aiming to capitalise on the recent increase in remote working and distributed teams following the pandemic.  The relocation market is reported to be worth $3.5bn.

PerchPeek CEO and Co-founder Paul Bennet said: “We are seeing an enormous appetite among employees to move around for work and employers are matching this appetite by offering competitive relocation packages. It’s why some of the world’s largest technology, financial and consulting firms are coming to us looking for a more cost-efficient and personal way to make relocation possible.”

The company is reported to have seen a 250% increase in the number of employees relocated via the app in the second half of 2021 compared to the first half, and the company expects growth to accelerate further into 2022, with relocations via the app in January 2022 already 330% higher than in January 2021. 

Photo:  Paul Bennett.